Surprise! Not so much. Two more big payroll tax hits are coming to paychecks in January
The Employment Security Department (ESD) sent news out Friday that a controversial Paid Family and Medical Leave payroll tax will increase 50%, boosting it from 0.4% to 0.6%. Officials say that to pay for up to 18 weeks of family and medical leave to some full- and part-time workers, the state needs more of your money.
When income to pay for your household budget goes down, blame the state, not your employer, for taking more of the money you’ve earned for a state-imposed program you might never need or want.Read the entire blog
Spokane considering actions that will force increase in rents
Spokane City Council President Breean Beggs has introduced a proposal that will increase rents in Spokane. This follows a similar policy introduced in King County last June.Read the entire blog
Tax Foundation/Seattle Times highlight capital gains income tax advisory vote
The legislature worked hard to keep voters from weighing in directly on the new capital gains income tax with a laughable emergency clause to prevent our right of referendum. Though some call non-binding tax advisory votes also laughable, voters will nonetheless get a chance to voice an opinion on the new capital gains income tax next month. The Seattle Times editorial page and Tax Foundation recently highlighted Advisory Vote 37 on whether to repeal the new capital gains income tax.Read the entire blog