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State economist: Washington’s taxes take biggest bite from poorest residents

A new study confirms that Washington’s poorest pay a bigger percentage of their incomes in taxes than the state’s wealthiest residents. The state’s poorest 20 percent pay 9 percent of their personal incomes in state and local taxes, compared to

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Posted in An Inclusive Economy

Cliff or not, world will keep turning

Every day we hear about the fiscal cliff. But don’t be scared, because in reality it’s a fiction of rhetoric, foisted on the American people by Wall Street and inside-the-beltway politicians, especially those who just took a drubbing in November’s

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Posted in An Inclusive Economy, Column

“If lower taxes on the rich were going to create jobs, we would be drowning in jobs”

November 20, 2012

On Friday, KUOW’s Ross Reynolds discussed the potential expiration of the Bush tax cuts for income over $250,000 per year. He took calls from small several business owners, venture capitalist Nick Hanauer, and EOI Policy Director Dr. Marilyn Watkins (at

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Posted in An Inclusive Economy

Why the “very rich” have lower tax rates than the rest of us

Recently, the IRS reported the average tax rate of the top 400 highest earning Americans. With average earnings of $200 million per filer, you might think this group paid a tax rate close to the maximum, but you’d be wrong.

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Posted in An Inclusive Economy, Educational Opportunity, Funding Public Services, K-12 Education, Progressive Tax Reform

The “second yacht” problem: Why America’s economy is stuck in the doldrums

There are two main reasons why America can’t get out of the economic doldrums. The first is, wages are stagnant: The U.S. economic recovery – slow as it is – is leaving workers’ wages in the dust. Average hourly wages,

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Posted in An Inclusive Economy

Bass ackwards: How America’s tax code hurts the middle class and coddles millionaires

By David Cay Johnston, excerpted from Reuters: Everyone seems to know that about half of Americans paid no income taxes in 2009 and that the top 1 percent paid about 37 percent of the income taxes. But how many people

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Posted in An Inclusive Economy, Column
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