Just Trust Us

An editorial in Sunday's Columbian, urging voters to reject I-1098, talks about trust.  The income tax proposal is written to apply to individuals making over $200,000 (and married couples making over $400,000); consequently, supporters are selling it as being a tax on the rich only.

But the Columbian isn't buying it:

"It's Going to Be a Bumpy Ride"

On Friday, Washington State Wire ran a story on the volatility of the income tax on high earners that is proposed in Initiative 1098.  No matter what you think of the merits of an income tax per se, this particular proposal is untenable -- especially given Washington's current budget situation.  Erik Smith writes,

Taxing the Rich

A Forbes.com article from yesterday looks at how the federal government and some states are considering increasing taxes on the wealthy.  It includes a discussion of Initiative 1098 in Washington.

Update: Comparative State and Local Taxes

The Census Bureau recently released the latest statistics on state and local taxes as part of its 2008 Survey of Government Finances.