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time to move out of this Libtard Nirvana?…
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That’s really eye-popping.
Why don’t they just call it what it is: It’s a payroll tax that is intended to be stuck to the employer vs. the employee. Employees would vote if you stuck the very same tax to them. The company? not so much.
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Sic transit gloria mundi (so shut up and get back to work) -
Called this just reading the headline.
“The passage of the JumpStart tax could further accelerate Amazon’s move to secure office space outside of Seattle.
Amazon maintains an expansive Seattle footprint, but in recent years, it has moved to establish a presence in areas outside of the city. Last month, Amazon said it would lease 111,000 square feet of office space in Redmond, Washington, which will house some 600-plus employees. The company also has an office in the Seattle suburb of Bellevue and it’s building a 43-story tower there, its largest yet.”
Amazon and other large Seattle businesses fought a simialar tax a couple of years ago. It’s interesting to watch the lengths to which Seattle will go to raise revenue. This plan will backfire, as businesses simply choose to relocate entirely or move highly paid employees to another location outside of Seattle.
Seattle has tried for years to implement some form of income tax, but WSSC continues to say no based on a state law enacted in 1984. The state Supreme Court has consistently ruled that income is property and graduated income tax supporters need to pursue a constitutional amendment. (Washington law prohibits taxing property at different rates, i.e. graduated income taxes).
According to Amazon, it has invested over $4 billion in its urban campus in Seattle and paid more than $25 billion in compensation to its employees over the last seven years. Their estimate is these investments resulted in an additional $38 billion to the city’s economy from 2010 to 2016 and created more than 50,000 additional jobs on top of direct hires. I guess that just isn’t enough for Seattle.
I wonder when an elected official will seriously say “We should see what we can do with the money we collect.” I know, that’s crazy talk.
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