Maybe...
Labels: Disclosure, Income Tax, John McCain, Mitt Romney, Sara Palin, Tax Returns
A Democrat - without prefix, without suffix, without apology.
Labels: Disclosure, Income Tax, John McCain, Mitt Romney, Sara Palin, Tax Returns
Gov. Chris Gregoire on Tuesday told reporters she supports I-1098, the income-tax initiative on the November ballot that targets high-wage earners.Despite my typical antipathy for the modern initiative process, me too.
Labels: Christine Gregoire, High Income Tax, I-1098, Income Tax, Me Too
Venture capitalist Nick Hanauer, via the NPI Advocate…
If it was true, what they say about taxes, then the best opportunities would be in the places with the least taxes... like Somalia. But it's not true, is it? Is it? It's not true. The best opportunities to create great wealth, in this country — and in the world — are in high-tax places.OK, that last bit is the truth, but the first part? Nope.
Labels: High Income Tax, I-1098, Income Tax, Taxes, Truth
Via Paul Rosenberg at Open Left...
Labels: Chart of the day, Distribution Of Wealth, Income Tax, Tax Fairness
Dave Johnson wonders…
Should We Bring Back The 90% Top Tax Rate?Since you asked, sure.
Labels: High Income Tax, Income Disparity, Income Tax, Since You Asked
…a very little bit. Too damn little. But a little bit, and some of it from one of my very own State Reps (we get two per up here in the upper left). Via Kathleen at the NPI Advocate...
Some legislators aren’t waiting to see which way the wind is blowing and are standing up for what’s best for Washington. Senators from both sides of the state, Lisa Brown (D-Spokane) and Jeanne Kohl-Welles (D-Seattle), and Representative Maralyn Chase (D-Shoreline) advocated for a state income tax during the recent legislative session.Yep, Maralyn's mine. Good on her.
Labels: Income Tax, Jeanne Kohl-Welles, Legislature, Lisa Brown, Maralyn Chase, State House, State Senate, Washington State
…this won't do.
There was talk this session about increasing the sales tax by 0.3% (which would amount to 30 cents on a $100 purchase) to maintain funding for our health care safety net. By law, all tax increases have to be approved by a majority of voters. However, polling showed that people in several districts are not willing to pay more in taxes to provide these services. Polling also showed disapproval of a personal or corporate income tax, although studies indicate that our reliance on a regressive sales tax makes us the state with the most unfair tax system for lower and middle income taxpayers in the US. We’ll have to see what happens with these tax proposals in the future."Polling showed..."? "We'll have to see..."? Sorry Senator, but as one of the 49 people out of more than three and a half million elected to provide leadership and representation for your constituents and our state, you'll have to do better than that.
Labels: Darlene Fairley, Income Tax, Leadership, Polls, State Senate, Taxes
…when the Spokesman Review editorial page is out in front of our Democratic legistature on progressive taxation...
...The state is relatively rich, but it has a tax code that’s unsuited to tapping that wealth. The result is that high-income households send relatively large sums to the feds and relatively paltry amounts to the state. Conversely, the state taxes the poor at the highest levels in the nation because of the heavy reliance on our regressive sales tax.It's probably true that the S-R is ahead of a lot of voters, too, including (especially?) its east of the Cascade Curtain readership, but the shameful difference is that most of our Democratic legislators already understand the truth that the paper puts so clearly and succinctly.
If the state instituted an income tax and lowered the sales tax, it could begin to address its chronic budget deficits and lower the tax burden for most Washingtonians. It’s the same argument that was laid out by the Gates Commission several years ago, but lawmakers failed to act.
Labels: Income Tax, Legislature, Spokesman Review, Washington State
Something to ponder while I fiddle with a 1040A and such, via Ezra Klein...
Labels: Chart of the day, Income Disparity, Income Tax, Taxes
Goldy's got a deal for the leg…
So here’s the deal. Put a sales tax and excise tax increase on the June ballot, and folks like me will give you our support… but only if you also put on the November ballot a measure that would repeal the June increase, and replace the revenue with a tax on incomes over $200,000 a year.Sounds good to me. A sales and excise tax jncrease isn't a good idea for all the reasons that Washington's revenue system is awful, biting particularly hard those who've already been bitten hardest by a slow economy and rotten job market.
According to the Economic Opportunity Institute, a “high income tax” of 3% on incomes between $200,000 and $999,999, and 5% on incomes over $1 million, would raise about $2.58 billion per biennium, yet fall on only 4% of WA households. I’m guessing that’s slightly more than the June measure would be expected to raise.
Labels: Economy, Goldy, High Income Tax, Income Tax, Taxes, Washington State