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 ...
Only once in a while does he reluctantly think ahead a little bit.
Seattle is hell bent on destroying itself both economically and socially. Seattle has a budget crisis that is just starting to come to the surface. Rather than cutting back on programs that should not be performed by government, they need to find new sources of revenues for both core functions and the projects that should be cut.
The city spring into shutting down its economy, since business was bad and exploited people. For years they have been layering more and more regulations on those that try to provide services and jobs in Seattle.
I know I use to own a business that had a Seattle business license. The regulations were nuts. I have hopefully finished with the last of my Seattle legacy clients now that I have retired. The new owners want nothing to do with Seattle and I don't blame them.
A couple weeks ago a big Arizona developer said he was pulling out of a project that was to have been in Seattle. Microsoft prefers the East side of Lake Washington for its offices. Even the Seattle Sea Hawks football team have corporate offices in Kirkland and Renton, not Seattle. Boeing moved its corporate offices to Chicago a long time ago. Much of the seaborne shipping traffic has left the Port of Seattle for the Port of Tacoma. Even Amazon is expanding across the lake in Bellevue.
The elected officials of Seattle and the rabble are driving business out of the city.
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.
My wife and I completely agree.
You never want to live in a state in which 47+% of the voters are incentivized to grow income taxes and government. When they combine with the stupid people who also think their own income taxes (as actual workers) should be increased, income taxes will always go up.
However, if you have no income tax but have only a sales tax, EVERYONE has real skin in the government game and they now all an incentive to have a prudently run state. In fact, welfare recipients and retirees have the most incentive to keep the state well-managed.
I think a state with only income taxes is the most attractive to these lower income groups, but bad government is most likely the result.
Vancouver, WA (population 176,000—suburb of Portland, OR) has thrived based on the tax codes of WA and OR.
There is no income tax in WA, there are no sales taxes in OR.
These folks chose to live in WA and shop in OR.
Folks I know who live there laugh about how stupid the two state governments are...
Yet more incentive to leave Seattle.
Probably a lot to do with the unbridled growth of the federal government. Astronomical sums flow through DC, and lots of people have figured out how to tap that taxpayer funded torrent. 55 years ago my father was thinking about buying a farm about 1/3 of the way between Frederick and Harper's Ferry, made an offer, but it wasn't accepted and he decided that the price was too steep and he didn't want the hassle of developing it. For the remainder of his life (not all that long) he regretted not buying it.
Are the individual employees paying the tax or are the companies supposed to pay the %ages for each employee over 150K.
Not only has Seattle killed the goose but they have poisoned the environment so much that no other goose will take up residence. Now it does not matter what they do. No goose - no golden eggs.
We are exploring places to retire that might entice our children to resettle too. This was the last straw.
“Not only has Seattle killed the goose but they have poisoned the environment so much that no other goose will take up residence. Now it does not matter what they do. No goose - no golden eggs.”
Their love affair with the BLMers is still going on with many Seattle lefties.
Eastern Washington and Oregone are being invaded with Seattle refugees. Friends in Idaho are seeing the same exodus from Seattle western Washington.
The Seattle Skedaddle. LOL
Acid in the water supply....
In March and April, Seattle looked like a ghost town with all of the businesses shut down.
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Then came the riots.
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Then came CHOP.
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“Hey, I know how to get Seattle jump-started again! We’ll tax everyone more that works in Seattle!”
I know some folks that LOVE working from home. I wonder if there will be a loop hole for folks working from home? They aren’t coming into the city and stressing the infrastructure. Of course that isn’t what this tax is about, but it would make sense to me.
“I would really like to see some kind of retail sales tax to replace income tax.”
In Seattle the sales tax is 10.1 %
I tax on a gallon of gas is about 50 cents.
Car tabs are based on the value of the car. An older (2005) car might cost about $150 a year.
There is a tax on businesses in Washington. Most cities also have a “head tax” for each employee. But that “head tax” in my town is $30 a year or something.
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