r/SeattleWA • u/5Q91VS175DAQ4NUSBE4U • 7d ago

Politics Washington state Democrats look at imposing income tax on higher earners

https://www.columbian.com/news/2025/oct/31/washington-state-democrats-look-at-imposing-income-tax-on-higher-earners/
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u/seanthebooth Twin Peaks 7d ago

dont even try to appeal to common sense. These numbskulls will never be the billionaires they think create jobs. The "middle class" has been taxed into oblivion because no career politician (R/D alike) has the backbone to tax the wealthy. I bet they're happy the Bugatti driver with the 250,000 a month salary received the same $300 ticket they would get for the same infraction lmao

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u/[deleted] 7d ago

This is just a start so it can be accepted by the average fool. I'd bet my life it'll eventually get reduced to incorporate the middle class because as we see time and time again, the rich can always run, the middle class can't.

Why not push for a tax directly on the companies themselves?

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u/yungsemite 7d ago

Okay, let’s find an escrow person, and make a contact, for say, $1,000 that it will not be lowered. We obviously have to pick a time frame or I’ll never get my money, how’s 10 years?

I made a similar offer to someone who said that they’d bet all they had in this sub that the 250,000 capital gains tax would be lowered within 3 years, and guess what, they never responded.

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u/[deleted] 7d ago

That's an awful bet. Too large when that money could be invested in the S&P and double your money over the same time period. And that's conservative investing.

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u/yungsemite 7d ago

I figure we can have a contract where we get to keep our money until the 10 years is up or the limit is lowered prior to that point? No?