Posted on 07/06/2020 10:00:21 AM PDT by Zenyatta
After years of trying to mine the wealthy around here, and instead hitting themselves in the face, the Seattle City Council has finally fixed on a potent way to tax the rich.
Seattle’s latest corporate tax scheme will almost certainly run into some familiar obstacles, such as a skeptical mayor and a possible legal challenge from big business.
But politically, this one is nothing like the failures of the past.
It’s the work of Council member Teresa Mosqueda, and the premise is simple enough: Instead of tilting at windmills to try to tax wealth or high incomes, which is legally questionable in our backward state, this plan instead puts a levy on high employee salaries and compensation packages.
(Excerpt) Read more at seattletimes.com ...
Tax Political Correctness at 100% of income.
I guess the Seattle exodus is not fast enough for them.
This should speed things up.
The productive will simply leave Seattle
“Teresa Mosqueda”
Viva Teresa! Diversity is our strength.
Gonna be a lot of empty office building in and around Seattle, before long.
“Later, in 2022, it shifts most of it to the original purpose, which is housing for the poor and homeless.”
Which will bring in more poor and homeless (aka, druggies).
Gonna need a big fat exit tax.
Not that I agree with the concept, but what is wrong with a simple income tax for wages earned within the city limits?
I have to pay City tax for the income I earn from my employer, even though I don’t live in said city.
The rate is 1/2% if you live in the city, 1/2% if you work in the city, and add the two to come up with 1% if you both live and work in the city.
That’s too tough for Seattle?
And then the woke masses will follow and infect the rest of the state ...
My son-in-law has a company with just under 40 employees in Seattle. With the lockdown he is now going “full WFH”. He is now looking for a new place to live, outside of Washington state, and said he’ll keep his Seattle employees but will hire the rest in other tier two or three areas.
He’s done with Seattle.
My other two daughters left in the last two years. One to Louisville and the other to Phoenix. And my best friend is selling their house and moving out here to either Tennessee or Kentucky by us.
I just spent three weeks there (My father passed and I was there the last days and after the funeral). The traffic, even during the CV19 crap, is intolerable.
It’s an income tax. They will need to change the state constitution as step one.
Wow. If you were within five feet of the author I’ll bet you could literally feel the fever radiating off of him. It all makes perfect sense to someone as super smart as he is. Unlike the retrograde dolts that everyone else is.
Not a problem!!!......They can get all their lost population back in no time by turning the office buildings into to rent controlled apartments for the homeless..they will draw people from every state in the Union!!
Whatever you tax, you get less of.
Whatever you subsidize, you get more of.................
This is too easy—any corporation with an IQ above room temperature will locate corporate headquarters (and any other high paid employees) outside the city limits.
The high paid jobs can locate anywhere in the country—or world for that matter.
Thank you. That point wasn't made clear in the article, and as a non-Washingtonian, I didn't know that income taxes were unconstitutional in your state.
it will increase. it always does. and with less resistance than the installation...
it was only 1 %... 2 % 4 % 8% 18 %
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.