Posted by Russ Sims on March 20, 2000 at 23:17:13:
Hi Henry:
Where I live, in the great State of Washington, there is a 1.7% EXCISE tax due upon closing…just another way our government has of extorting our life energy… The seller must pay it.If you are reselling in a simultaneous close, you must pay it as well.So when a seller asks who pays this tax, I say WE BOTH DO. This makes it seem as if the burden is shared…