Tag Archives: Seattle Passes Tax On Highest Incomes

Jul. 12, 2017 Seattle Tax Rich

On Jul. 12, 2017 NPR’s Laurel Wamsley reported “‘Most Regressive’ State, Seattle Passes Tax On Highest Incomes”. “The council voted 9-0 in favor of the tax, which will apply a 2.25 percent tax on annual income over $250,000 on individuals, or $500,000 for couples filing jointly. The city estimates the tax will generate $140 million in new annual revenue.” Daniel Beekman of The Seattle Times reported  ” ‘Seattle should serve everyone, not just rich folks,’ software developer Carissa Knipe told the council before the 9-0 vote, saying she makes more than $170,000 per year.  ” ‘I would love to be taxed,’ the 24-year-old from Ballard testified, drawing applause from a room packed with supporters of the tax.”

Copyright 2017 DJ Cline All rights reserve.

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