Thanks to an extended period of lopsided income growth, the share of all income held by the top 1% in Washington state has approached or surpassed historical highs.
Thanks to an extended period of lopsided income growth, the share of all income held by the top 1% in Washington state has approached or surpassed historical highs.
New research by the National Partnership for Women and Families puts Seattle at the top of the list for the widest gender wage gap among the nation’s 50 largest metropolitan areas. That means Seattle women working full-time, year-round make a…
A recent report by Sentier Research shows real median household income is continuing to decline for the American working and middle class. The typical household income has lost more income since the economy recovery supposedly began than during the Great…
A recent study titled “The Impact of Taxes on Migration in New England” says that employment, family and education are the three primary reasons people (wealthy or not) move from one state to another. Taxes have little – if anything…
Initiative 1098 will lower property taxes on residential and commercial property owners, exempt 81% of Washington small businesses from B&O taxes, and reduce the B&O rate for another 12% of businesses. It will offset the revenue reductions with a tax…
The typical minimum wage worker in Washington will earn just $17,784 per year ($8.55/hour * 2080 hours). That might be enough for a teen still living at home (although only 1/4 of minimum wage earners are teenagers), but it falls…
NOTE: An updated version of this blog post and related fact sheet is now available at: http://www.eoionline.org/2010/06/22/initiative-1098-will-business-owners-pay-state-income-tax-updated/ Short Answer: Very few business owners will pay state income tax under the provisions of I-1098. A person claiming business income on…
In a recent presentation to the Seattle Chamber of Commerce, local economist and forecaster Dick Conway presented his perspective on 8 key facts that underpin the debate over Initiative 1098. His comments are reprinted below: Washington’s Tax Structure: Washington may…
Cross-posted from the Everett Herald: Let’s talk about taxes. Talking with state legislators, you get the feeling that they want to apologize for the new taxes they voted for, as if that was the wrong thing to do. They should…
