For education, health care and Fairer taxes

For the better part of a decade, The Economic Opportunity Institute has been researching and documenting the effect of Washington's tax structure on our children, our families and our communities.

What we've found is this: our tax structure requires too much from middle class families, low-income earners, and small businesses, while those who’ve benefitted the most don’t pay their fair share to preserve Washington’s high quality of life for the next generation.

Today, Washington voters have an historic opportunity to change that. Over the past year, EOI has been taking the lead in crafting the policy and building the coalition behind Initiative 1098, which will:

• Exempt every small business in Washington from the B&O tax with a $4,800 business tax credit;
• Reduce the state portion of the property tax by 20 percent, saving typical homeowners $100 to $200 per year;
• Create a 5% tax on income over $200,000 singles/$400,000 couples, and 9% on income over $500,000 singles/$1 million couples);
• Invest the net revenue — estimated at over $2 billion per year — in public education and health care;
• Impose strict accountability and transparency requirements.

See our featured publications to the right for in-depth information about how I-1098 will affect Washington State.

I-1098 Calculator

Wondering how Initiative 1098 will affect you?

Try EOI's I-1098 Calculator, which will calculate and itemize your personal and business tax changes under I-1098. Click to get started

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