News I-Martin Selig
I-920 should be renamed I-Martin Selig.
920 is the initiative to repeal Washington state’s estate tax (which affects about 200 families—those people whose estates are above $4 million for couples.)
On August 8, Selig—the prominent Seattle developer —dropped another $175K into the campaign’s coffers. That brings his total contributions to $807,500. With the only other major donation being $50K from the Nordstrom family, Selig’s contributions now make up about 80% of the campaign’s $1 million total war chest.
Since it’s likely Selig will save tens of millions of dollars if the estate tax is repealed (the rate for the very rich is about 19%), I guess a million buck investment is well worth it to him.