The little-noted lesson to be learned from Seattle’s desperate attempt to impose a city income tax
This article (click on the URL) details Seattle’s desperate (and likely unlawful) effort to impose a CITY income tax to pay for their runaway pensions — even though state and city charters forbid such a levy. It’s a worthwhile read.
But in addition to the pension fiasco, for wealthy Californians there’s another lesson to be learned from this latest attempt to impose an income tax in Washington state. When (more likely than IF) a rich Californian finally decides to depart the Golden State and its sky-high 13.3% state income tax, it’s important to look at the POLITICS of the lower taxed state you move to (ALL of the other 49 states have much lower state income taxes!).
For instance, look at the income-tax free states. Nevada and Washington state both have zero … Read More