Sunday, August 15, 2010

The Gates of Confiscation : Look who wants to give Washington state an income tax.

Newsalert: The Gates of Confiscation : Look who wants to give Washington state an income tax
"The battle between taxpayers and government unions will define the fiscal future of the 50 states, and the newest battlefield is Washington state.
That's where a few rich taxpayers led by Bill Gates Sr. and the Service Employees International Union (SEIU) are bankrolling a November ballot measure to create the state's first income tax.

And not just a toe-in-the-water tax.
They're diving into the deep end with a proposal that would immediately impose a 5% tax rate on income above $200,000, or $400,000 for married couples.
The rate would climb to 9% on single filers making $500,000, or $1 million for couples."

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