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Call it the ‘boss tax:’ Seattle finally finds a potent way to tax the rich
Seattle Times ^ | 7/3/2020 | Danny Westneat

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 ...


TOPICS: Issues
KEYWORDS: bosstax; seattle; seattletax
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To: Zenyatta

How is that sugar tax working out?


41 posted on 07/06/2020 10:41:45 AM PDT by Larry Lucido
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To: joshua c; Brookhaven

I guess the Seattle exodus is not fast enough for them.
This should speed things up.

The donut hole city model is returning.

After the 60’s riots, people & businesses moved out of the city into the suburbs, leaving the city center a husk of its former self.

Some cities, like Detroit, never recovered. Others, after a few decades, did.

Now the donut is back.

Posted on 7/6/2020, 8:37:18 AM by Brookhaven


42 posted on 07/06/2020 10:45:57 AM PDT by Grampa Dave ( Who, now in America, are people not allowed to criticize in our life, in public, and in politics?)
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To: Yo-Yo

“...but what is wrong with a simple income tax for wages earned within the city limits...”

Everything.


43 posted on 07/06/2020 10:48:18 AM PDT by Bonemaker (invictus maneo)
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To: Yo-Yo

I moved from Seattle to KY. That is from a “no income tax” to “income tax” state. The good news is that the property taxes are absurdly low, as is the sales tax, and they don’t tax SS - and I’m about to retire. So it’s very nice.

I hail from eastern Washington and have always been partial to the desert, though. My wife and I did a circumnavigation of the western US for our honeymoon and absolutely loved it. We blew out our radiator in the MOAB, but discovered the miracle of JB weld. :)


44 posted on 07/06/2020 10:55:38 AM PDT by cuban leaf (The political war playing out in every country now: Globalists vs Nationalists)
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To: Zenyatta

So because they can’t tax high incomes, they want to do a levy on high salaries and comp??? Wha??? Paging Noah Webster....


45 posted on 07/06/2020 10:57:14 AM PDT by Still Thinking (Freedom is NOT a loophole!)
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To: cuban leaf

I lived in the Seattle area for 5 1/2 years. The only part I miss is the Metropolitan Grill on 2nd and Marion. Oh, what a feast. I can still taste the beef.


46 posted on 07/06/2020 11:04:58 AM PDT by Bernard (If I knew then what I know now, I probably would not have believed it anyway.)
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To: Yo-Yo

Other than income taxes are constitutionally illegal in WA State, and we have been fighting proposals to try to cram one down our throats every 2 years for the last 40. Nothing I guess.


47 posted on 07/06/2020 11:08:27 AM PDT by RainMan (rainman)
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To: ClearCase_guy

Washington has sales taxes


48 posted on 07/06/2020 11:09:29 AM PDT by goodnesswins (The issue is never the issue. The issue is always the revolution." -- Saul Alinksy)
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To: from occupied ga

Interesting how Harpers Ferry home prices keep going up.


49 posted on 07/06/2020 11:14:58 AM PDT by poinq
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To: Zenyatta

50 posted on 07/06/2020 11:15:04 AM PDT by PIF (They came for me and mine ... now its your turn)
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To: Zenyatta
Increased prosperity of the economy as a whole requires more wealth, which requites more supply, which requites more production, which requires more total productive ability, which requires more demand for capital goods, which requires more productive expenditure, which requires more saving, which requires lower taxes of business owners.

Higher taxes on business owners which lowers productive expenditure also decreases demand for labor which has a negative effect on average wage rates and the standard of living of the average worker.

51 posted on 07/06/2020 11:21:42 AM PDT by mjp ((pro-{God, reality, reason, egoism, individualism, natural rights, limited government, capitalism}))
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To: Steve_Seattle
Like a broken clock, he is right about one-twelfth of the time.

Twice per day is shorter than 1/12th of a day!
52 posted on 07/06/2020 11:28:54 AM PDT by sasquatch
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To: dljordan
“Teresa Mosqueda”

When I first read this, I thought it said "Torquemada" ...

53 posted on 07/06/2020 11:29:22 AM PDT by BlueLancer (Orchides Forum Trahite - Cordes Et Mentes Veniant)
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To: Bernard

I miss the bicycle commuting before cell phones made it too dangerous.

You haven’t lived until you leave the office near pike and second, surrounded by tired workers and busses, take that long coast down second avenue, hit the I-90 trail and on to the east side. Occasionally I’d bike up to capital hill or the U-district first just for fun. It’s like being a kid.

But cell phones and texting put the nix on it and allowed me to continue living.

I didn’t have any favorite restaurant. I had a lot of “favorites”.

And the last time I rode the elevator to the top of the space needle it cost me a buck. :)


54 posted on 07/06/2020 11:29:31 AM PDT by cuban leaf (The political war playing out in every country now: Globalists vs Nationalists)
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To: Zenyatta

Tax the rich, to feed the poor
till there are, no rich no more

So sang 10 Years After.


55 posted on 07/06/2020 11:45:51 AM PDT by Stevenc131
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To: Zenyatta

“....... tax wealth .......”

You build wealth or destroy wealth. So they are going to destroy wealth.


56 posted on 07/06/2020 11:46:27 AM PDT by the_daug
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To: Redleg Duke

No one is un those buildings right now and this will quicken their abandonment. I see a future trend where small rural towns become “headquarters” for large organizations.
What is the point of paying huge rents and now taxes just because of a zip code.


57 posted on 07/06/2020 11:46:38 AM PDT by The Free Engineer
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To: BlueLancer

Nobody expects the Seattle Imposition.


58 posted on 07/06/2020 11:51:59 AM PDT by rfp1234 (Caveat Emperor)
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To: Mr. K

If they start having trouble filling positions in cities like Seattle, a lot of work could become 100% remote.


59 posted on 07/06/2020 12:07:47 PM PDT by lasereye
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To: Zenyatta

But look how well things worked out by taxing and taxing Boeing. Keep in mind the intent is the economic destruction of capitalism and the United States. World wide communism can’t exist with the economic power of the U.S. therefore it must be destroyed. They, Democrats, are doing it one city/state at a time. Look around and what do you see from Democrats management of anything.


60 posted on 07/06/2020 12:12:29 PM PDT by dirtymac (Now is the time for all good men to come to the aid of their country.(DT4POTUS))
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