4 ms·
I mean the biggest driver of this is not anything to do with Seattle specifically, but instead the State's constitutional prohibition on an income tax, which fo
by Sebguer 5y ago
I mean the biggest driver of this is not anything to do with Seattle specifically, but instead the State's constitutional prohibition on an income tax, which forces cities and counties to use more regressive tax methods.
- loeg 5y agoA prohibition on income tax and on progressive (uneven) taxation in general. The legislature are trying to push against both prohibitions in 2022. They have levied a flat 0.85% payroll tax, which is essentially an income tax, and a progressive capital gains tax (with a wide 0% bracket and a 7% bracket above some threshold).
- Sebguer 5y agoYeah, it'll be interesting to see how those both hold up in the courts. The LTC tax is along these lines as well (while also being fairly regressive because literally everyone with any meaningful income is going to opt out of it).