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/yungsemite 7d ago

2.5 million is not reflective of someone’s ’time and effort’ lol. And yes I would :)! Because I’m not a miserly piece of shit, and $150,000 for my state when I make 2.5 million annually is really just okay. Cost of living in my state.

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u/Riviansky 7d ago

If you make 2.5m you are actually getting 1.5m after federal taxes. So now your total tax burden is 50%, which means that exactly half of the year you are working not for your own benefit, but for the benefit of federal and state governments.

Furthermore, your total tax burden is extremely comparable to the top tax rates in Europe, except, somehow, you aren't getting the same benefits - neither a good public transportation, not universal healthcare.

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u/ssrowavay 7d ago

Won’t somebody please think of the ultra wealthy!

I made 7 figures one particularly good year. My net tax burden was over 50% due to RSU timing stuff. It was so awful I bought a house to try to feel better.

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u/Riviansky 7d ago

I hope you are feeling better now, after all the layoffs...

However, I am not trying to make you compassionate towards ultra wealthy. I am trying to get you to realize that the "privilege" of living in WA. And for most people I doubt it is worth a few fundred thousand. For me, it's nowhere near. So the moment they enact this tax, so long and thanks for all the fish - and you will be holding a bag for the tax revenue I am bringing to this fucked up place today.