Swordsmyth
07-10-2017, 06:53 PM
The council voted unanimously Monday to impose a 2.25 percent tax on the city's highest earners. Personal income in excess of $250,000 for individuals and in excess of $500,000 for married couples filing joint returns would be taxed.
The measure is certain to face a court challenge from opponents who call the tax proposal illegal, unconstitutional and a waste of taxpayer money. City leaders are likely to keep expanding and increasing the tax over time, they said.
More at: https://www.usnews.com/news/best-states/washington/articles/2017-07-10/seattle-to-decide-new-income-tax-for-high-income-residents
The measure is certain to face a court challenge from opponents who call the tax proposal illegal, unconstitutional and a waste of taxpayer money. City leaders are likely to keep expanding and increasing the tax over time, they said.
More at: https://www.usnews.com/news/best-states/washington/articles/2017-07-10/seattle-to-decide-new-income-tax-for-high-income-residents