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on March 11, 2026, 18:54:50, in reply to "Washington passed its first ever income tax"
All that capital gains revenue you were counting on from Jeff Bezos? He left. Income tax revenue from Bill Gates? He's basically leaving. Howard Schultz? He just announced he's leaving.
The average state+local tax rate is the 3rd highest in the nation (and metro King Co is the highest). Gas tax is crazy (highest in the nation by far). To be "fair" (and I really hate that term as it applies to progressive taxes) this bill should have reduced both of those. They added some token things to be exempt, but didn't go far enough, IMO.
If you don't understand the slippery slope you're living under a rock. $1M is just the start, and was easy because only 20,000 people (0.2%) will be impacted. If this passes muster through the courts, an income tax has been validated as constitutional, and don't expect them to stop at 1M. The next set of congresscritters will just ratchet it down in response to the latest spending problem.
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9.9% tax for incremental income over $1 million ($500K if duel income totals $1 million) and people have lost their god damn minds over it. JFC what are we doing people. If you make a million or more in ANNUAL income, things are going just fine for you.
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Rising prices and more war!
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