Washington companies leaving because of the millionaire tax

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    • #11087
      Mick1Mick1
      Participant

      Marc Barros says the 10% millionaire tax is too burdensome. He has a small photo equipment company. He also cited the 10.5% sales tax, city property tax, state capital gains and estate taxes and city business and occupation taxes.

      The Seattle downtown office vacancy rate was 30% in Q4 of 2025, a record high. The president of the Downtown Seattle Association says it is directly attributable to an increase in local taxes.

      Companies leaving Washington after millionaire’s tax passage

      Amazon relocated thousands of employees to Bellevue and other King County locations due to the aggressive tax burden.

      No word on what the Seattle mayor thinks. I do recall what Hillary Clinton said when asked how she felt about small businesses who would go out of business because they couldn’t afford her health care tax (remember when her husband created a health care team to revise the nation’s approach to health care, and it didn’t include any physicians or patient representatives? Good times…)

      Hillary’s response was instructive. “I can’t be responsible for every undercapitalized business in America.”

      Audaces fortuna iuvat

    • #11089
      AvatarBeeg_Dawg
      Participant

      Fun with taxes vs fees.  Washington residents are catching crap about our resistance to the Millionaire Income Tax.  They ignore gas tax, service charges, tolls….and on and on.

      Just bought a new car, and here is what I found on my receipt from the state DoL.

      List of fees.
      Registration Filing
      Title Filing
      Plate Reflectivity ???
      Original Issue Plate
      Registration License..(Original)
      Dept of Licensing Service
      License Plate Technology (wtf???)
      Vehicle Weight
      Registration Service Fee
      Title Service Fee
      Certificate of Title Application (another wtf??)
      Emergency Medical Services (Huge WTF!)

      On top of the fees, there is a 9.5% sales tax on the vehicle.

      My cell phone and cable bill have similar “fees”.

      Amazing how creative elected officials can be when it comes to raising revenue, but they draw a blank when it comes to tapping the brake on spending.

    • #11090
      Mick1Mick1
      Participant

      You have inspired to review my cable bill…I feel like I did this once before and was mildly successful.

      Audaces fortuna iuvat

    • #11095
      Avatarrogpodge
      Participant

      https://www.wsj.com/economy/republican-democrat-state-income-tax-a9d90fa2

      Net income migration shift from Blue to Red was about $20 billion per year. We won’t see the real effects for two years at least.

      Stories of California desperately trying to claw back any income earned in California, as well as verifying residency in another state.

    • #11098
      Avatarrogpodge
      Participant
    • #11099
      Mick1Mick1
      Participant

      Scatter plot of 51 states. Red dots = Trump states, blue dots = Harris states. X-axis: Trump 2024 margin (−36% to +50%). Y-axis: net income per resident (−$600 to +$1,000). Gold OLS trend line slopes up-right. FL and SC labeled upper-right; NY, MA, IL lower-left. DC noted off-scale. Source: IRS SOI 2022–23.

      Audaces fortuna iuvat

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