"For years, the lack of a state income tax has been a powerful selling point to companies and individuals looking to move to Washington. This November's vote will have a big impact on our region's future growth opportunities."
- Mike Hughes, President of Safeco Insurance
The State Income Tax debate is in full force here in Washington. If Initiative 1098 passes, our state will go from having the lowest state income tax (ZERO) to the fifth highest in the nation.
Are you eyes wide open now?!...yes, the FIFTH highest.
And some of you are saying...well, that's only for the rich. I'll be fine.
But, like I've blogged about before, just give it two years, my friends, and we'll all be paying into this system.
Want to know who's speaking out against 1098? Businesses. LOTS of them.
To see a list of businesses that have publicly come out against I-1098 and some great press releases from leaders at some of our largest businesses (Microsoft, Boeing, etc.), click here.
Even if you STILL believe the state income tax won't affect you, you should STILL oppose I-1098 to give our state the best advantage in retaining and attracting businesses to Washington State. It's not just a tax on the super rich...the effects will be far more reaching.
Feel lucky for what you have in WA, we pay Federal, State and County tax along with Home-owner's taxes as well. And Indiana is just about as conservative a state as you can find.
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