taxes

Tax Foundation says the rich in America didn't pay significantly higher taxes in the 1950s

Recently The Tax Foundation looked into the commonly held belief that rich Americans used to pay much higher income taxes in the 1950s than they do today. It found that the difference between then and now isn't actually that significant:

We're Number 25...in wine taxes

Washington ranks right in the middle nationally for wine taxes, according to new numbers from the Tax Foundation. Check out their map to see how we compare to other states:

InFocus Podcast: Washington businesses pay 58% of state & local taxes, plus more

On today's InFocus podcast we're covering the latest news, including our new Policy Brief on business taxation in Washington state. Washington businesses pay 58 percent of state and local taxes, and have some of the highest tax burdens in the country. We also talk about the latest state budget outlook, and problems many school districts are facing with Washington's land-use law, the Growth Management Act.

New Policy Brief: Washington State Businesses Pay 58 Percent of State and Local Taxes

We're out with a new policy brief on business taxation, "Washington State Businesses Pay 58 Percent of State and Local Taxes." It gives an overview of how and how much Washington businesses are taxed, and compares us to the rest of the country.

Here are some highlights:

Policy Today podcast: New report on Gov. Inslee's proposed state budget

In today's podcast we do a deep dive into Gov. Jay Inslee's 2017-19 state budget proposal, the subject of our latest Special Report which you can read here.

The governor's budget plan includes $4.762 billion in new spending and $4.369 billion in new and increased taxes, including a new carbon tax and a new capital gains tax.

Tax Foundation dings gross receipts tax

Washington's Business and Occupation (B&O) tax stands out as one of the few gross receipts taxes (GRTs) still around in America. Last week the Tax Foundation wrote critically of GRTs, noting that

Though gross receipts taxes are business taxes and as such are sometimes viewed as progressive, in reality, they have potential to be more regressive than sales taxes as they pyramid and are passed on to consumers.

Policy Today: The elusive silver bullet of tax policy

Today we're digging further into last week's blog post on other states that want to implement, or have implemented, elements of Washington's tax system. In Oregon, some yearn for a sales tax to bring stability to state budgeting (the state income tax, they say, is far too volatile).

Taxes: The grass is always greener...

With the first meeting today of Gov. Inslee's legislative McCleary workgroup, we're likely to see another round of calls for new taxes - specifically, an income tax and/or a capital gains tax - to fund the rest of the state's K-12 obligations.

Policy Today podcast: I-1366 in review

Today we're discussing Tim Eyman's latest initiative, I-1366. It would cut the state sales tax from 6.5 percent to 5.5 percent if the state Legislature doesn't put a constitutional amendment on the ballot to require two-thirds legislative approval (or voter approval) for tax increases. As we noted in our recent Policy Brief on I-1366, a one-percent sales tax cut would reduce state revenues by $1.590 billion in 2015–17 and by $3.066 billion in 2017–19.

InFocus podcast: NLRB ruling, stock market turmoil, state business tax rankings

This week we're covering the recent NLRB ruling that modifies the definition of what an employer is (read about it here and here), turmoil in the stock market, and The Tax Foundation and KPMG's comprehensive analysis

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