Stranger reader Cameron writes:
Hi Eli-
I think your article will be very important in the debate leading up to the election. Not only are these facts are completely accurate, you do a wonderful job of connecting the dots, and I feel as if there are still a lot of people who do not understand how extremely regressive our state’s tax structure has become (and, really, has been for decades). Too often people go back to bullshit arguments and nonsense generalizations.
On that note, I was wondering if there was any way The Stranger could make this a PDF poster so that we could disseminate it widely? That way we could all print it out and hand on to people for them to read. Is that at all possible?Cameron
Yes, it is possible, and now—thanks to more genius designing by our very own Aaron Huffman—it is done. Get your PDF poster of the story RIGHT HERE.
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As the debate heats up over Initiative 1098, you're going to be hearing a lot about "the taxpayers of Washington State." But it's a very small minority of high-income earners—only about 38,400 of them—who would be paying the new income tax. That's because it's a tax only on individuals who earn over $200,000 in a year or on couples who file a joint tax return that shows them collectively earning more than $400,000 in a year. (Meaning that if you're half of a wealthy couple and together you earn $399,999 a year, you don't have to pay any income tax under I-1098. Hence that segment of the pyramid, right below the top, where you see 72,858 tax returns from people who earn more than $200,000 per year but wouldn't have to pay. Those are returns from couples who are well-off but don't hit the $400,000-per-couple threshold.) The new income tax on the 38,400 wealthiest Washingtonians would bring in about $2 billion annually for education and health-care programs—programs that help working families and the middle class the most.
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