pc86

14 ms·

331.
by pc86 7mo ago
> The Use tax is levied when you bring items from State 1 into State 2 and use it within State 2's jurisdiction. Not State 2 taxing you for using items within State 1's jurisdiction. That's what I understand it to be as we
332.
by pc86 7mo ago
I don't need an answer to point out that your response is relevant to probably 3 or 4 people every year who: - live in Washington State; AND - are compensated at least in part in options; AND - are compensated in excess o
333.
by pc86 7mo ago
Going from a high tax state to a low tax state to purchase goods is not substantially different than going from a state with strict anti-abortion laws to a state with very pro-abortion laws to get an abortion. One is economic, one is health
334.
by pc86 7mo ago
Well we're decades in at this point.
335.
by pc86 7mo ago
Sorry for misunderstanding, yeah I think we're on the same page on that point.
336.
by pc86 7mo ago
Yes but they chose to move next to me, not vice versa ;)
337.
by pc86 7mo ago
> Alternatively, they may try to define high income as a new class of property. Property taxes only have to be uniform within a specific class of property, so if they create a new class, then it would be uniform for that class. If nothin
338.
by pc86 7mo ago
> they aren't contributing via B&O tax like businesses do Well they're not businesses so that makes sense. > "just" proportional to how much money they spend (emphasis mine) Yeah, which for most of them is goin
339.
by pc86 7mo ago
Even if you don't buy the "job creator" argument, if you're bringing a business and "extracting wealth" you're not earning that wealth as a W2 employee, so this tax won't apply. The best example I can
340.
by pc86 7mo ago
> I'm a bit miffed that they refused to add language that prohibited lowering the threshold. Well that's because the entire point of this is just to get a tax on the books so they can later increase the amount and lower the t
341.
by pc86 7mo ago
This is incredibly tech-specific, where most workers make a small fraction of $1M a year. Physicians don't get options, attorneys don't get options. This is a fairy tale answer not grounded in reality.
342.
by pc86 7mo ago
What about this law makes you think any of the revenue is going to be used to curb consumption taxes? Because that's not what any of this money is being earmarked for. Most of it is basically a government slush fund.
343.
by pc86 7mo ago
Until there are severe personal penalties for an elected official violating their oath of office with regard to unconstitutional laws, they will simply ignore it. This is doubly true in formerly purple but now uniparty states like Washing
344.
by pc86 7mo ago
You'll have a much better time here if you take others' arguments with the assumption that they're made in good faith.
345.
by pc86 7mo ago
If I had to choose I'd probably pick a neighbor who makes 3x what I do than 1/3. But I don't think it matters at all.
346.
by pc86 7mo ago
The only people making more than $1M in W2 income are in fields where nearly everyone is going to be making that. Highly specialized physicians come to mind pretty quickly but I'm sure there are "lots of" (relatively speaking
347.
by pc86 7mo ago
And I'm sure we can find places with higher property taxes than those New Jersey examples.
348.
by pc86 7mo ago
Is someone earning $1.1M more economically or socially harmful than someone earning $980,000? Even if it is, and even if your point is true, that's not what the GP said. They said taxing rich people a higher percentage than poor people
349.
by pc86 7mo ago
This is important context, and people forget that "taxation without representation," which started a war , was about a tax of about 1.5%. Why is it when people are against a tax they typically talk about it in terms of historical
350.
by pc86 7mo ago
Well the tax is on income over $1M so yes someone making $1M will pay nothing. Technically that's easy for anyone to say, assuming they actually read the article at least.
351.
by pc86 7mo ago
Nobody is making $50M a year in W2 income. Maybe a couple pro athletes? But if you're making $50M a year it's all stock and that doesn't fall under this, and once you have enough of it there are ways to actually realize it as
352.
by pc86 7mo ago
How about a high property tax rate and expensive housing? Because that's what you'll get in all the desirable areas of Texas.
353.
by pc86 7mo ago
They get less money from the poor but it's a higher percentage of that person's income. There is a difference.
354.
by pc86 7mo ago
This is one of those things that I question the legality of, but it will never get answered because nobody is going to the Supreme Court over sales tax. I can understand the argument of me sitting at home in State 1, buying something online
355.
by pc86 7mo ago
Everyone except the people uncritically repeating this political talking point agrees that a 90% marginal rate is very far on the right side of the Laffner curve.
356.
by pc86 7mo ago
You deal with it by competing with other states, which is what happens now, and what is intended based on the very architecture of the federal and state governments. This will make Seattle less attractive to the type of person who makes a L
357.
by pc86 7mo ago
I didn't say anything about "overwork." No need to make assumptions (or just make things up).
358.
by pc86 7mo ago
Doing hard things is tautologically good.
359.
by pc86 7mo ago
Being able to yell and scream and be loud yet choosing to be calm and quiet can be noble in the right circumstances. Being quiet and timid because that's all you're capable of doing is simply being ineffectual and weak and isn&#x2
360.
by pc86 7mo ago
If anyone can predict whether a downturn is temporary or an industrial shift you can make enough money to never work again.

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