The latest issue of The Lens updates the current legal status of Seattle’s progressive income tax.
It’s a topic that resonates with retailers and shoppers alike. Washington State voters have defeated six proposed constitutional amendments to overthrow the state’s progressive income tax ban.
In his piece, author TJ Martinell reports on the likelihood that the state Supreme Court will hear Seattle’s appeal of a lower court ruling that the tax is illegal. In short, the piece reports it is unclear whether the tax will stand since Seattle’s appeal of last May.
It is currently unknown whether or when the Supreme Court will hear Seattle’s appeal.
The city wanted to charge a 2.25 percent tax on total income above $250,000 for individuals and $500,000 for married couples filing together. The aim was to raise an additional $140 million a year in income to the city.