Washington companies leaving because of the millionaire tax

Homepage Forums Current Events Board Washington companies leaving because of the millionaire tax

Viewing 1 reply thread
  • Author
    Posts
    • #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.

Viewing 1 reply thread
  • You must be logged in to reply to this topic.