Seattle income tax.

WA is one of the few states in the USA that does not have an income tax.

http://ift.tt/2trRr5D

Quote:

The Seattle City Council’s finance committee Wednesday approved a proposed income tax on high-income households, teeing up a full council vote July 10. The tax would be 2.25 percent of total annual income, above $250,000 for individuals and above $500,000 for married couples filing jointly.

An extra $5600 and up in taxes for those making more than $250k.

Quote:

The city estimates the tax would raise $125 million per year. According to a City Hall analysis, it would cost $10 million to $13 million to set up and $5 million to $6 million per year to administer and enforce. Proponents say it would make Seattle’s tax structure more fair and they want to test the legality of an income tax in Washington state. Neither the state nor any Washington cities currently collects an income tax.

Maybe they're actually interested in seeing if supporting more taxes is a good way to lose their elected positions.

Here is a website that shows tax burden by state. http://ift.tt/2troG8N

Not sure how accurate it is, but adding 2.25% to the WA burden will move Seattle residents from 33rd place to 5th place in the tax burden. I'm not sure how Seattle currently compares to other major cities where it comes to local taxes.

If this does not result in any "bums" getting removed from office, I can see WA making income taxes state-wide within 5 years and for everyone.

Ranb

via International Skeptics Forum http://ift.tt/2srYaem