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.)
Senator Fraser, Representative Hunt and Representative Reykdal all spoke on January 3rd about the “big achievement” of the recent Special Session that was able to cut 480 million dollars to reduce the budget deficit, about 25% of the amount that it is assumed will need to be cut. There was some sense of dread about […]
Last June, Gov. Jay Inslee made headlines when he signed a state budget totaling $43.4 billion in spending for 2017-19. Which of the following statements about that budget is true? A. State spending will grow 15.3% by 2019. B. State spending will grow 6.1% by 2019. C. State spending will grow 3.2% by 2019. D. […]