Head Tax
- Thread starter 264mag
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eelgrass
Long Time Member
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The Seattle tax, imposed on businesses grossing $20 million or more, is estimated to raise $45 million next year and about $50 million five years later, when it expires, with the proceeds paying for more homeless services and affordable housing.
Constantine said that finding new funding sources to address the crisis ? along with myriad other challenges related to homelessness ? should be approached collaboratively.
It's a great time to be a tweaker.
Constantine said that finding new funding sources to address the crisis ? along with myriad other challenges related to homelessness ? should be approached collaboratively.
It's a great time to be a tweaker.
RELH
Long Time Member
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- 17,480
I look for some big business outfits to move out of Seattle due to the tax. One large firm, I believe it was Amazon, stopped planning a new complex that was in the works for expansion.
If they can avoid the tax by just moving out of the Seattle city limits, Seattle will be sucking hind tit on their tax base and it will not be that much of a hardship for companies to move out next door to one of the suburb cities that will welcome the new tax base without a head tax.
RELH
If they can avoid the tax by just moving out of the Seattle city limits, Seattle will be sucking hind tit on their tax base and it will not be that much of a hardship for companies to move out next door to one of the suburb cities that will welcome the new tax base without a head tax.
RELH
