Building an Economy that Works for Everyone

Q&A: Tax advice for the wealthy if voters pass Initiative 1098

The Puget Sound Business Journal‘s Greg Lamm just published a four question Q&A with Jay Turley, a certified financial planner at Breakwater Investment Management.  Lamm asks how I-1098 would affect Turley’s clients, many of whom are high-net worth individuals, should it pass.

This particular article isn’t behind the Journal’s paywall, so you can read the entire Q&A without a subscription. Here’s the first question and answer:

Q: What are your clients’ major concerns about this income tax?

Turley: While a few clients have expressed reluctance about new taxes, a far more common concern is the quality of public education, from kindergarten through the state-run universities. Clients spend a tremendous amount of money moving to neighborhoods with better schools or paying for private schools. I believe that people are encouraged that Initiative 1098 will deliver dedicated dollars to improve Washington public schools.

Read the entire interview from the Puget Sound Business Journal

Looking for more information about Initiative 1098? Visit the Economic Opportunity Institute website.

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