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Lopsided: A History of Income Inequality in Washington State

Thanks to an extended period of lopsided income growth, the share of all income held by the top 1% in Washington state has approached or surpassed historical highs.

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Posted in State Economy

On Equal Pay Day, Seattle ranks worst at gender pay equity

New research by the National Partnership for Women and Families puts Seattle at the top of the list for the widest gender wage gap among the nation’s 50 largest metropolitan areas. That means Seattle women working full-time, year-round make a

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Posted in State Economy, Women in the Workforce

To restart the American economy, end trickle-up economics for the rich

Imagine giving an extra 5% of the nation’s total annual income to the residents of Wasilla, Alaska starting in 1980, and you’ve got a good grasp of income inequality in the U.S. today. Thanks to lower tax rates for the

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Posted in Tax and Budget

So-called recovery means less income for working and middle class

A recent report by Sentier Research shows real median household income is continuing to decline for the American working and middle class. The typical household income has lost more income since the economy recovery supposedly began than during the Great

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Posted in State Economy

Keep the jet in the hangar: Study shows rich stay put in high-tax states

A recent study titled “The Impact of Taxes on Migration in New England” says that employment, family and education are the three primary reasons people (wealthy or not) move from one state to another. Taxes have little – if anything

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Posted in Tax and Budget

Chart of the Week: Initiative 1098 effective tax rates are lower than most

Initiative 1098 will lower property taxes on residential and commercial property owners, exempt 81% of Washington small businesses from B&O taxes, and reduce the B&O rate for another 12% of businesses. It will offset the revenue reductions with a tax

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Posted in Tax and Budget

Support for family-wage laws growing across the U.S.

The typical minimum wage worker in Washington will earn just $17,784 per year ($8.55/hour * 2080 hours). That might be enough for a teen still living at home (although only 1/4 of minimum wage earners are teenagers), but it falls

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Posted in Minimum Wage

Initiative 1098: Will business owners pay state income tax?

  NOTE: An updated version of this blog post and related fact sheet is now available at: http://www.eoionline.org/2010/06/22/initiative-1098-will-business-owners-pay-state-income-tax-updated/ Short Answer:  Very few business owners will pay state income tax under the provisions of I-1098. A person claiming business income on

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Posted in Tax and Budget

No shame in taxes OK’d by Washington legislature

Cross-posted from the Everett Herald: Let’s talk about taxes. Talking with state legislators, you get the feeling that they want to apologize for the new taxes they voted for, as if that was the wrong thing to do. They should

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Posted in Column, Tax and Budget
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