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You’re comparing to California, but we’re talking about this proposed Washington tax. California’s tax schedule is actually much more like Germany’s than this p
by rayiner 8mo ago
You’re comparing to California, but we’re talking about this proposed Washington tax. California’s tax schedule is actually much more like Germany’s than this proposed Washington income tax.
In California, the big jump comes at $72,000, where the 9.3% rate kicks in. The $742,000 rate is only a little higher, at 12.3%. That’s similar to Germany where 42% kicks in at 70,000 euros (top 15%) and the top rate is only a little higher at 45%.
- SecretDreams 8mo agoCalifornia and WA are similar in income distributions to what I quoted. Seattle is more extreme. Very affluent at the top. Can't comment how total tax in Germany might compare to the current discussion.
- rayiner 8mo ago> California and WA are similar in income distributions to what I quoted Yes, but Washington’s proposed income tax is extremely skewed, while California’s is pretty flat.
- SecretDreams 8mo agoWould you prefer WA keep their current proposal but also just add extra percentages/tiers for lower incomes? Would it help keep affluent people from leaving if they knew lower income people are suffering a bit too?