YOUR LATEST TAX JUSTICE NEWS
A quick glance at the latest headlines shows mega millionaires and billionaires getting even richer amidst widening economic inequality. The same headlines bring motivation to keep fighting for things like reliable childcare, affordable housing, and the tools we need to thrive.
Sometimes, news celebrates big wins, like the capital gains tax. Other times, we see communities across our state struggling when it doesn’t have to be this way. But with every single tax justice headline, we see just how crucial it is for Washington’s wealthiest to pay what they owe in taxes – just like the rest of us do.
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Inequality: ‘Let’s continue to tax wealth’
I have more than I need, and I would rather live in a society that invests in our community than be able to buy more stuff. Rather than throw up our hands in the face of inequality, let’s continue to tax wealth — starting by voting no on Initiative 2109, which would eliminate the capital…
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35 Seattle-area ZIP codes among wealthiest in US, report says
Thirty-five different ZIP codes in the Seattle area were among the Wealthy 1000 in a list compiled by The Business Journal. The 98101, which includes Pike Place Market and a good portion of the Seattle waterfront, is the region’s wealthiest and comes in at No. 51 in the country.
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WA voters want more child care investments, new poll finds
Washington voters want more money invested in child care and support more taxes on wealthy people and businesses to pay for it. And, in a poll released Thursday, 87% of those surveyed said child care and early education will be priorities for them when casting ballots this November.
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In Our View: Voters should know how much initiatives cost
Thurston County Superior Court Judge Allyson Zipp has ruled that ballots across the state must include information regarding the budget impact of three initiatives. The measures would close revenue streams, overturning a capital gains tax, the Climate Commitment Act and a long-term care program.
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Keep or repeal the capital gains tax? Voters will decide in November
In Washington, the capital gains issue will be decided in November, a historic election from the presidential level on down. This is a state with many needs and requirements, including early education, kindergarten through high school and child care. The capital gains tax is one way to ensure they are met.
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A New Measure Shows C.E.O. Pay at Even More Astronomical Levels
With new executive pay disclosures, the big picture is still riches at the top and lagging wages for most of the rank-and-file. But this year, there’s a new wrinkle: Companies must disclose how much C.E.O. stock holdings increase when the market rises. By that measure, too, chief executives are amassing extraordinary wealth.
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How to find affordable child care and child care subsidies in WA
WA leaders have recently taken steps to expand child care access in communities across the state, but it’s still difficult for many families to find high-quality, convenient and affordable care. Many families struggling to find care don’t qualify for state subsidies, and private costs are continuing to rise across Washington.
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In Seattle, it’s the millionaires next door — 54,200 of them
Puget Sound Business Journal just reported on a new wealth study that puts a number to it. Seattle now has 54,200 millionaires, 130 “centimillionaires” and 11 billionaires, according to estimates from a U.K. wealth firm, Henley & Partners. The study says Seattle contains the seventh-most millionaires in the nation.
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‘No I-2109’ campaign launched to save capital gains tax, education funding
“That’s why Brian Heywood spent $6 million to try to repeal this — because he just simply doesn’t want to pay his taxes like the rest of us,” Treasure Mackley said. “This is their last-ditch attempt. People like Heywood aren’t afraid to spend that kind of money to take away resources from kids and families.”