Posted on 07/11/2017 3:14:56 PM PDT by Renkluaf
(Newser) Supporters waved "Tax the Rich" signs Monday as Seattle's city council voted unanimously to do exactly that. By a vote of 9-0, the council approved an income tax that only applies to wealthy residents, with the 2.25% tax starting at income above $250,000 for individuals and above $500,000 for married couples filing joint returns, the Seattle Times reports. The city estimates that the tax will raise around $140 million a year from Seattle's 20,000 or so wealthiest residents. Washington state doesn't have a personal income tax and a 1984 law bans cities and counties in the state from taxing net income, meaning Seattle's move is certain to face legal challenges, the AP reports.
Opponents vowed to fight the measure, with Washington State Republican Party Chair Susan Hutchison urging citizens to "forcefully resist" the tax and not pay a penny. Seattle Mayor Ed Murray says he'll sign the measure into law Fridayand he will welcome legal challenges. The goal is to replace the current "regressive" tax system with a fairer one, "while ensuring Seattle stands up to President Trump's austere budget that cuts transportation, affordable housing, health care, and social services," the mayor tells Reuters. (Illinois has ended its long budget standoff with a 32% hike in the income tax rate.)
30,000 more people headed to Dallas/Ft Worth. Better get busy building them houses, homebuilders.
Really, an “exit tax” seems appropriate.
It would probably pass in a heart beat.
When I moved from California to Seattle, I went to register my car and get Washington plates. Boy, did they sock it to me. The cost of the plates included having to pay sales tax on my car, which was several years old, as if it had been purchased in Washington. Most expensive plates I ever bought.
Got a better Idea Let’s just tax the Democrats. Say 40% of their wealth..
Don’t be near these cities when the collapse comes.
The liberals simply aren’t capable of figuring out what went wrong.
“council approved an income tax that only applies to wealthy residents”
“a 1984 law bans cities and counties in the state from taxing net income”
laws don’t apply to leftists
Seattle and Portland are in the process of becoming worse than the asylum by the bay.
I own a rain gutter business in Dallas County. We're so busy, my wife and I are having to pull back the reins on expansion. Demand is hitting us harder than we can skillfully manage.
??By a vote of 9-0, the council approved an income tax that only applies to wealthy residents, with the 2.25% tax starting at income above $250,000 for individuals and above $500,000 for married couples filing joint returns,<<
In King County, that ain’t “rich.” It is “head just above water.”
I own a rain gutter business in Dallas County. We’re so busy, my wife and I are having to pull back the reins on expansion. Demand is hitting us harder than we can skillfully manage.
You need to borrow President Trump’s magic wand
Maryland does the same thing!
What I don’t get is the 250K single filer and 500K join filer thresholds: are they trying to promote marriage? Oh, wait, they’ve probably created new classes of “married” so that someone making $499K with a spouse named Vicky the Goat who makes $1, can avoid the tax.
Regardless, these stupid taxes aren’t on the “rich,” they’re always on those trying to get rich and thus holding them back. What possibly could Seattle do w/ $6,000 to benefit society that an individual making 250K can’t better decide what constitutes greater human happiness? Aholes.
Liberals never learn: You get less of what you tax, and more of what you subsidize.
Don’t you love it? Rich democrats taking it up the ass from other less rich democrats!
Don’t you love it? Rich democrats taking it up the ass from other less rich democrats!
I wonder how many of Seattle’s 20,000 wealthiest residents will move out before this illegal tax is overturned. Serves them right if they lose money over their obsession with envy.
DC.
NYC.
Boston.
Chicago.
Seattle.
S.F.
L.A.
Glow!
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