OLYMPIA, Wash. – New returns released by the Department of Revenue show an unexpected abundance of tax dollars in Washington state.

King5 reports that the state was predicted to collect around $248 million in new capital gains taxes this fiscal year.

The actual amount turned out to be $849 million, over three times the projections.

But that number could be even higher.

The department said the estimate came from 3,190 tax filings, though over 2,500 people were granted an extension and still haven’t filed yet.

The capital gains tax was passed in 2021 and imposes a 7% tax on the sale or exchange of stocks, bonds and other assets above $250,000.