Category Archives: Seattle

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Seattle Makes History – Passes ‘Tax The Rich’ Income Tax

Seattle Makes History – Passes ‘Tax The Rich’ Income Tax
Above Photo: Kshama Sawant addresses a crowd of “tax the rich” supporters outside at a rally before the vote. “When we fight, we win” – Kshama Sawant Today, Seattle passed a “tax the rich” income tax by a vote of 9-0. The ordinance plans to tax those with a total income in excess of $250k (single) and $500k (joint filers) at 2.25%. Based on 2014 IRS data, the city estimates it will be able to raise approximately $125 million a year, while ... Read more

Seattle Mayor, 2 City Council Members Propose City Income Tax On The Rich

Seattle Mayor, 2 City Council Members Propose City Income Tax On The Rich
Above Photo: by Joe Raedle/Getty Images SEATTLE — Mayor Ed Murray and City Council members Kshama Sawant and Lisa Herbold on Monday proposed a new tax on high-income households. The proposal would place a 2 percent tax on joint filers’ income over $500,000 and single tax filers’ income over $250,000. They said the estimated $125 million in new annual revenue would allow the city to lower the burden associated with property taxes and other ... Read more