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Seattle City Council approves income tax on the wealthy
http://www.seattletimes.com ^ | 07/10/2017 | Daniel Beekman

Posted on 07/10/2017 3:48:41 PM PDT by BackRoads775

The Seattle City Council unanimously approved a pioneering new income tax on wealthy residents Monday. A a legal challenge is widely anticipated.

The measure applies a 2.25 percent tax on total income above $250,000 for individuals and above $500,000 for married couples filing their taxes together.

The city has estimated the tax will raise about $125 million a year and cost $10 million to $13 million to set up, plus $5 million to $6 million per year to run and enforce.

The council’s finance committee cleared the tax last week, increasing the rate from 2 percent to 2.25 percent.

(Excerpt) Read more at seattletimes.com ...


TOPICS: Business/Economy; Government; US: Washington
KEYWORDS: govtabuse; seattle; taxes; tyranny
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1 posted on 07/10/2017 3:48:42 PM PDT by BackRoads775
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To: BackRoads775

Hey Seattle.....

Look @ my thumb


2 posted on 07/10/2017 3:51:08 PM PDT by A_Former_Democrat ("Liberalism is a mental disorder" On FULL Display NOW! Boycott Mex/Can, nba NFL PepsiCO Kellogg's)
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To: BackRoads775

The State has no income tax. I think this will be shot down by the end of the year.


3 posted on 07/10/2017 3:52:44 PM PDT by Hostage (Article V)
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To: BackRoads775

Hip hip hooray for them. Now they can channel money from n’er do well rich guys to give deserving street addicts even more free drugs. I’m sure you’ll agree that junkies are the worthiest of causes. How can those big mean mostly white men object?


4 posted on 07/10/2017 3:53:57 PM PDT by Veto! (Political Correctness Offends Me)
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To: A_Former_Democrat

Freaking geniuses over there.

First the garbage police.
Then, the $15/hr min wage.
Now the income tax.

We on the east side of the state look on them with wonder and amazement...

...and thanks that they are on the other side of a mountain range.


5 posted on 07/10/2017 3:54:39 PM PDT by Zarro (Oh, we don't call them the "MSM" any longer; they are now the "Basket of Detestables")
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To: BackRoads775

a dumb “law” for many reasons

1) This is unconstitutional per the state constitution and many court rulings testing income taxes
2) Applies to Seattle residents only, not those working in the city limits who live outside of the city
3) needs some means of getting income data from IRS or tax payers.
4) the likely court test is all part of a larger, ongoing push to make an income tax state wide (constitutionally, we only have a sales tax now and they want BOTH).


6 posted on 07/10/2017 3:56:07 PM PDT by llevrok (A group of baboons is called a "congress." Just sayin' .....)
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To: Zarro

So many states have these liberal black holes that just suck the life force out of them.


7 posted on 07/10/2017 3:56:52 PM PDT by Catmom (We're all gonna get the punishment only some of us deserve.)
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To: BackRoads775
The city has estimated the tax will raise about $125 million a year and cost $10 million to $13 million to set up, plus $5 million to $6 million per year to run and enforce.

More likely $125M to enforce and raise $5M annually. If it sticks.

8 posted on 07/10/2017 3:59:27 PM PDT by Professional Engineer
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To: BackRoads775

Municipalities can now levy income taxes? By what authority?


9 posted on 07/10/2017 4:00:39 PM PDT by Windflier (Pitchforks and torches ripen on the vine. Left too long, they become black rifles.)
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To: A_Former_Democrat

Maybe they should consider a “Bill Gates Tax.” Hey, Bill how much you got? Thanks!


10 posted on 07/10/2017 4:00:48 PM PDT by wastoute (Government cannot redistribute wealth. Government can only redistribute poverty.)
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To: BackRoads775

F Seattle.


11 posted on 07/10/2017 4:01:29 PM PDT by Drango (A liberal's compassion is limited only by the size of someone else's wallet.)
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To: BackRoads775

Take all of Bill Gates’ money


12 posted on 07/10/2017 4:01:52 PM PDT by shalom aleichem
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To: BackRoads775
it costs $13MILLION to RAISE TAXES??and $6MILLION a year ON TOP???

ya gotta be sh!ttin me,,,

13 posted on 07/10/2017 4:02:11 PM PDT by Chode (My job is not to represent the world. My job is to represent the United States of America-#45 DJT)
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To: BackRoads775

When they realize that their beloved UN considers any one with more than $10,000 in income a year as very wealthy, and still others consider anyone with change in their pockets as rich, the bar will lower fast. And, please, the last one in Seattle turn off the lights ...


14 posted on 07/10/2017 4:04:06 PM PDT by PIF (They came for me and mine ... now it is your turn ...)
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To: Windflier
Municipalities can now levy income taxes? By what authority?

I don't know if you are specifically talking about Washington State, but many states have city income taxes. I live in Ohio and almost every city has an income tax (I have to pay 2-1/2% of every dollar I make to the city in which I work).

15 posted on 07/10/2017 4:05:54 PM PDT by BruceS
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To: BackRoads775

Hey, Seattle commies, KMA!


16 posted on 07/10/2017 4:07:21 PM PDT by faithhopecharity ("Politicans are not born, they're excreted." -- Marcus Tillius Cicero)
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To: BackRoads775

The elitist version of

“Hold muy beer n’ watch this!”

What could possibly go wrong?


17 posted on 07/10/2017 4:08:02 PM PDT by Vlad The Inhaler (We were Trumpers before Trumpin' was cool !)
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To: BackRoads775

Doesn’t New York City have an income tax as well as Chicago? Just asking.


18 posted on 07/10/2017 4:10:54 PM PDT by SkyDancer (You know they invented wheelbarrows to teach FAA inspectors to walk on their hind legs.)
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To: Windflier

If the state does not prohibited it, a city can do just that. The New York City has a city income tax I believe.
NYC or NY residents please verify.


19 posted on 07/10/2017 4:13:48 PM PDT by Maine Mariner
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To: BackRoads775

It’s amazing how regulations and laws advance technology. Just the threat of minimum wage increases has caused the automation of jobs that would never, ever have been automated without government interference.

With increases in technology there will come a time when companies have very few brick and mortar buildings and those they do have will be in tax havens. Employees and contractors will telecommute from places that are lower tax. Another innovation is doing away with traditional employees entirely. A time will come when a company has a core of people who absolutely must be employees and the rest will be at-will contractors. We are approaching a time when practically everybody will be a “consultant” whether they want to be or not. Thanks, government.


20 posted on 07/10/2017 4:16:45 PM PDT by Gen.Blather
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