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Old 03-05-2010, 02:32 AM
 
Location: rain city
2,654 posts, read 7,337,619 times
Reputation: 3682

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OLYMPIA, Wash. - Senate Majority Leader Lisa Brown wants voters to weigh in on the idea of an income tax on high earners.

The tax would be on 4.5 percent on all income over $200,000 for individuals, $300,000 for heads of households, and $400,000 for married couples.

WA Senate leader suggests income tax referendum | NorthWest Cable News | Washington News
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Old 03-05-2010, 07:38 PM
 
Location: Olympia
961 posts, read 2,567,114 times
Reputation: 709
They need to seriously look at cutting their spending instead of raising taxes. they also need to pay attention to the voters who have stood repeatedly against a state income tax.
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Old 03-06-2010, 12:46 PM
 
Location: We_tside PNW / CO / SA TX / Thailand
11,293 posts, read 18,991,954 times
Reputation: 8166
The Senate leader (and all elected officials) just need to:
  • relinquish their wages, (as if to say they were 'public-servants' )
  • reimburse their perks (as if to say they are ethical)
  • pay 50% taxes on any public funded retirement (as if to say they were grateful)
  • Limit term to 2 in public service, then go back and get a real job (as if to say they were capable of running a business, or being an employee)
  • Fully dis-close and disallow wealth, jobs, or influence related to their public service, and donate ALL proceeds to the state / county that has enabled their prosperity.

I think that is how public service was intended to be performed (i.e. volunteer)

That would plug some leaky budget holes.
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Old 03-07-2010, 12:02 AM
 
8,335 posts, read 14,876,634 times
Reputation: 3765
Just to clarify: This proposal would only raise taxes for people who exceed the income threshhold , of 200,000 for individuals and 400,000 per couple. It would lower taxes for everyone else by lowering the sales tax by 1%..It's supposed to be revenue neutral, and not add to the tax revenues the state receives.
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Old 03-07-2010, 12:14 AM
 
5,612 posts, read 6,606,743 times
Reputation: 4690
I'm confused about this one issue; there's been mentions of the 1933 WA Supreme Court case where basically the whole taxing the rich is unconstitutional (if there is income tax, everyone must pay their part). How do these politicians intend to set this up?
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Old 03-07-2010, 01:39 AM
 
Location: We_tside PNW / CO / SA TX / Thailand
11,293 posts, read 18,991,954 times
Reputation: 8166
Quote:
Originally Posted by Ira500 View Post
Just to clarify: This proposal would only raise taxes for people who exceed the income threshhold , of 200,000 for individuals and 400,000 per couple. It would lower taxes for everyone else by lowering the sales tax by 1%..It's supposed to be revenue neutral, and not add to the tax revenues the state receives.
Taxing those wage earners disproportionately is a very bad plan. The feds are after the same pie... unfortunately that will be killing the goose that lays the golden egg. Those folks provide lots innovation and jobs. They are also very adept and capable to shift their income and move their businesses elsewhere. Not too smart on the part of the legislators, of course we all know it is a method to get an income tax into the mix, followed by the 'slippery slope'.

WA and OR are so dead set on becoming the next CA, that I'm sure their wish will come true, sooner than later. To bad Many of my business contacts were fleeing CA in the 1990's and still doing it. CA is hurting and digging a very big hole with too much tax, regulation, Government, and services.
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Old 03-09-2010, 02:53 PM
 
Location: Bellingham, WA
315 posts, read 618,174 times
Reputation: 224
I generally like the idea, but as Stealth mentions legislation leaves it open to "adjustment" once enacted and the slippery slop ensues.
Cali is an example of "what not to do" and we shouldn't even go there...I don't know what these morons see in the way they do things...
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Old 03-09-2010, 05:31 PM
 
5,612 posts, read 6,606,743 times
Reputation: 4690
Quote:
Originally Posted by rkcarguy View Post
I don't know what these morons see in the way they do things...
$$$$$$$$$
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Old 03-16-2010, 02:56 PM
 
Location: Bellingham, WA
315 posts, read 618,174 times
Reputation: 224
minus-$$$$$$$$$??
California is nearly bankrupt....
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