Jobs and prosperity are hurt — not helped — by a tax system that bestows its bounty on the super-rich and saps the middle class of buying power, according to a prominent Seattle entrepreneur.
The super-rich paid about 40 percent in taxes during the prosperous 1960′s, argues Hanauer, and about 30 percent during the prolonged prosperity of the 1990′s. They now pay an average of 16 percent.
Hanauer reports that last year, he paid an 11 percent rate on an eight-figure income. (The median Washington family has a yearly income of $56,479.)
From LaborNotes.org: … We progressive labor people might smugly shake our heads and ask, how can these people vote against their own interests? While some of them are serious cultural conservatives or racists, probably a majority legitimately see themselves as actually voting in their own self interest. People struggling to get by on $12-15 an […]
Residents of King County should try to attend special public meetings of the county Transportation, Economy, and Environment Committee to discuss proposed cuts in bus and trolley service. Wednesday, July 6, 6:00 p.m. Kirkland City Council Chambers 123 Fifth Avenue, Kirkland Tuesday, July 12, 6:00 p.m. King County Council Chambers 516 Third Avenue, 10th Floor, […]