02
Apr
09

This could be big…

If this were dollars, and this was your yearly income, you would be eligible for the propsed income tax. But this is Italian Scudi. And a picture.

If this were dollars, and this was your yearly income, you would be eligible for the propsed income tax. But this is Italian Scudi. And a picture.

It seems like every year someone throws around the idea of instituting an income tax in Washington (true, actually – that would be Rep. Rosa Franklin). In most years, these ideas have no teeth, legs, or anything else particularly substantive. However, this is not most years, and there appears to be a credible, and supported, proposal for a state income tax now on the table.

Sponsored by Senator Jeanne Kohl-Welles (and hence originating from the Senate), the proposed SB 6147 would impose a 1% income tax on people making more than $500,000 a year.

According to Joe Turner over at the News-Tribune, Senator Kohl-Welles has proposed similar bills the last few years, but has never moved them particularly far.

The first hint that a state income tax was feasible this year percolated up from Senate Majority Leader Lisa Brown’s blog earlier this week when she raised the question of whether Washington should follow New York’s lead on creating a so-called “Millionaire’s Tax.”

This could well become a key issue as the legislature winds down (or extends into a special session), and state leaders mull a tax package to send to voters in the fall. Keep your ears peeled!

Advertisements

1 Response to “This could be big…”


  1. 1 asiangoddez
    April 2, 2009 at 8:13 pm

    The legislature has to make up for all the bad things they did this session. This might be worthy redemption.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: