January 8, 2021
In fiscal year 2019, Washington state’s tax code relied heavily on businesses, which paid almost half of state and local taxes. Washington businesses paid nearly a quarter more in state and local taxes per employee than the average of their counterparts in other states. On all measures, Washington ranked at or above the national average, including annual business tax revenue growth, taxes per employee, business taxes as a share of economic activity, and the share of total state and local revenue paid by business. Property, sales, and business and occupation taxes accounted for most of the state and local tax burden.
Read the report here.Categories: Economy & Competitiveness , Publications , Tax Policy.