Ever
wonder how Initiative 1098 would affect you? Now there's an easy
way to find out. To use it, you just need to know your yearly adjusted
gross income. If you own property, you'll also want to know your
total yearly property taxes. And if you own a business, have your
Business & Occupation taxes for the year handy.
08.30.2010
| Initiative 1098's effective tax rates will be lower than most,
raking 27th out of the 44 states (including DC) that tax income.
The new tax will apply to just 1.2% of filers. So what will Washington's
average effective tax rate be on the top 1% of earners?
08.24.2010
| For 75 years, Social Security has provided
a foundation of economic security for American workers, retirees, and
their families. This brief examines who Social Security helps, how
it works, and explains projections for the long-term outlook.
06.17.2010 | Initiative 1098 includes a 20% across‐the‐board cut in the state portion of the property tax levy, which will reduce property taxes for both businesses and individuals that own property. How much will the average home or business owner see in savings?
06.17.2010
| Under the provisions of I‐1098, a business owner claiming business
income on their personal tax return would only be taxed if his/her
total income exceeds $200,000 for single filers or $400,000 for
joint filers – and then only on the amount exceeding that income
threshold. Just how many filers who claimed business income would
have paid income tax under I-1098 in previous years?
09.01.2010 | John Burbank | Under I-1098, 197 out of 200 taxpayers will see their taxes go down, while just three will pay the initiative’s new income tax on the wealthy. And our state will gain $2 billion for education and health care. How is that possible?
Full Column | Everett Herald »
08.18.2010 | John Burbank | When FDR signed the Social Security Act 75 years ago, he became the godfather of a rebirth of economic security in the midst of the Great Depression. This one act put the words of the Constitution into action -- establishing a system, insulated from the private market, which guaranteed economic security for the elderly, the disabled, and widows and their children. And it still does.
This
work is licensed under a Creative
Commons Attribution-Noncommercial-Share Alike 3.0 Unported License
from the Economic Opportunity Institute. Liquid layout thanks
to Matthew James Taylor.
