Should high-earning Seattleites pay an income tax? | KUOW News and Information

Should high-earning Seattleites pay an income tax?

Jun 14, 2017

The Seattle City Council will likely pass an income tax in July, aimed at income above $250,000 for a single filer (above $500,000 for those filing jointly).

Bill Radke speaks with Katie Wilson of the Transit Riders Union and Trump-Proof Seattle Coalition, who supports the tax, hoping that it leads to more economic equity in the city and pays for needed services. She also believes that the 2 percent tax is nominal for citizens, though it will potentially raise $125 million.  

Also in the studio, Matt McIlwain from the Madrona Venture Group disagrees with the tax, concerned it will discourage high-earners from moving to Seattle or remaining in city limits. He also notes that while the income tax is aimed at only certain people now, history shows that taxes like this often wind up being spread to a much larger population.