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.)
What are the elements of a good quality of life? Good, accessible and affordable health care. Being able to pay your bills. Living in a welcoming home. Having a job with a wage that reflects the value of your work. Knowing your kids can get a good education in our public school system, our community […]
By Mark Taylor-Canfield (From Mark’s Syndicated Monthly Column – “Weapons of Mass Distraction”) Thank you to the editors for allowing me to tell the truth without censorship! Here’s another of my honest efforts to do just that. I only hope this piece doesn’t get me into trouble with my own publishers at other websites and/or […]
“We will occupy our state capitol in Olympia during the special legislative session, and we will tell our lawmakers that we have had enough. … It’s time for the richest 1 percent to pay their fair share to help fix our economy. Big banks and large corporations benefit from outdated tax loopholes while our communities […]