Commentary: The Real Victims of Washington's Income Tax
2 Articles
2 Articles
Commentary: The real victims of Washington's income tax
Like me, about half of all workers in Washington are employed by small and medium businesses, either their own or someone else’s. That simple truth is exactly why the new 9.9% tax on income over a million dollars should worry voters and business owners throughout Washington. While politicians sell it as only affecting “the rich,” the new tax will hit the many successful restaurants, contractors and other small businesses that reach that threshol…
The Washington State Supreme Court recently rejected an emergency injunction petition filed by civic activist Arthur West. This means that when voters decide in November whether to repeal Washington's new "millionaire tax," their ballots will include the potential impact on state spending on education, healthcare, and other public services. Initiative 645 sought to repeal Washington's new 9.9% income tax, which applies to individuals earning ove…
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