Washington lawmakers recently rushed into special session to pass $8.7 billion in aerospace tax breaks. The aim: to land Boeing’s next generation 777 airplane. But how much does Boeing – or any other major company in Washington - pay in taxes?
It was the legislative equivalent of a buzzer beater. Just as the Washington legislature was about to adjourn last month, the House and Senate quickly passed a series of tax breaks mostly for businesses. They included exemptions for dance clubs, mint growers, dairy products and this one: digital data used by international investment firms.
That last one will largely benefit a single global firm – Seattle-based Russell Investments. This tax break passed despite efforts to close these kinds of loopholes.
A proposal to raise Washington’s gas tax by 10.5 cents to fund transportation projects has failed in the state House. Supporters Wednesday came up one vote short. But they vow to try again.
The transportation revenue package would raise $10 billion for maintenance and preservation of existing roads and to fund new projects. The proposal calls for a 6 cent gas tax increase this summer followed by another 4.5 cent increase next July.
There were dramatic developments in Olympia overnight. Governor Jay Inslee held a midnight bill signing to amend Washington’s estate tax. The move means the Department of Revenue will not begin to issue refund checks Friday morning to the heirs of some multi-million dollar estates.
The state of Washington was about to embark on a months-long process of refunding an estimated $140 million to more than 100 estates. This was the result of a Supreme Court ruling earlier this year. The money would have come out of a fund dedicated to public schools.
Paying Internet Sales Tax The Senate voted on Monday on a bill that would end tax-free Internet shopping. Slate’s Matthew Yglesias joins us with a look at the Marketplace Fairness Act and who’s behind the push to collect taxes on your online purchases.
A Conversation With Early Television Actor Jan Merlin Jan Merlin starred in early television shows like Tom Corbett, Space Cadet and The Rough Riders. He went on to be an Emmy-winning script writer. He grew to love the escape that theater and film could provide after a profound World War II experience.
Today is the deadline for filing your taxes, and maybe you’re a little burnt out on the whole process. The New York Times reports that Americans spend 9.14 billion hours on government paperwork every year. Of that time 75 percent, or 6.7 billion hours, is spent on documents from The Treasury Department. According to author and law professor, Cass Sunstein, it’s because the Treasury Department houses the Internal Revenue Service, which takes up way too much of our time during tax season. Sunstein was head of the White House’s Office of Information and Regulatory Affairs from 2009-2012, and he wrote a recent op-ed article for the New York Times on this topic. Ross Reynolds talks with Sunstein and asks if the IRS is wasting our time.
It’s that time of year when we talk about forecasts -- no, not the weather forecast, though we do have our fingers crossed for warmer weather. The Governor, the House and the Senate have all released their budget proposals and if the Governor or the House gets their way Washington brewers could be hit hard. The Governor’s budget would end a tax exemption for local brewers and increase the tax per barrel of beer sold in Washington state from $4.78 to $20.28. The House proposal wouldn’t hit brewers quite as hard but the tax paid per barrel would still be doubled. How would these proposed plans impact the micro-beer business and consumers? According to the president of the Washington Brewers Guild, quite a bit. Ross Reynolds talks with Heather McClung, president of the Washington Brewers Guild and the co-founder of the Seattle brewery Schooner Exact.
It's rare that you get Republicans and Democrats agreeing on taxes, but that's what's happening in the other Washington and it might impact us here in the evergreen state.
The tax bill known as the Marketplace Fairness Act of 2013 would require Internet retailers who make more than $1 million in sales annually to collect sales taxes even if the retailer isn't physically located in that state.