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.)
Washington State has a tax problem but it is not one Eyman’s Initiative 1366 will help. Requiring a 2/3 vote by Legislators to raise taxes would make Washington’s tax situation worse and would put special interests, the wealthy and corporations in charge of running Washington State by giving them the ability to dictate our tax structure […]
RSVP – 12/22 Student Debt Jubilee & Why Higher Education Ought to Be Free – This Thursday evening at 5:30 PAC/8:30 EST
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ RSVP for Student Debt Jubilee & Why Higher Education Ought to Be Free Join us for the conference call interview and recording for our newest podcast. Thursday, December 22 – 5:30 PAC/8:30 EST ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ This year, unpaid college student loans will exceed $1 trillion for the first time. For the first time ever, student […]
Inequality for All A Passionate Argument On behalf of the middle class a film by Robert Reich Opening at the Harvard Exit Theatre on Sept 27 Robert Reich is a best-selling author of thirteen books, Chancellor’s Professor of Public Policy at UC Berkeley, former Secretary of Labor in the Clinton administration, and a foremost expert […]