Overall, the theme seems to be taxing upper-income earners more and then using that money either for programs that benefit lower-income earners or for tax breaks aimed at specific groups.
KIRO Newsradio has reviewed what appears to be a working draft of the income tax on high earners being developed in Olympia.
The good news here is that a proposed initiative currently in circulation would close the Upland loophole for special sales ...
I’ve always found it morbidly fascinating there’s a scattering of deceased mountain climbers strewn out along the way up to ...
As if figuring out taxes isn’t confusing enough, President Donald Trump’s One Big Beautiful Bill Act (OBBBA) may mean some ...
Hawaii Senate President Ron Kouchi speaks inside the Senate chamber during the opening day of the State Legislature Wednesday ...
Add Yahoo as a preferred source to see more of our stories on Google. Gov. Bob Ferguson is pushing a proposed millionaire tax he says could generate more than $3 billion a year. He spoke more about ...
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Progressive tax explained: What it is, how it works and why it matters
A progressive tax is when the tax rates increase (or “progresses”) as the taxable income increases for an individual or a business.
Rick Hauser doesn’t understand “regressive” when he says that sales tax isn’t. (“Rich people pay majority of taxes,” Our Readers’ Views, Jan. 10). Even AI gets it right: “Sales tax is considered a ...
A regressive tax may look neutral on paper, but it often forces lower-income households to give up a much larger share of their earnings, making everyday life more expensive for those who can least ...
With a looming $12 billion to $16 billion budget shortfall hanging over the Washington state legislature, House and Senate leaders and Governor Bob Ferguson presented differing proposals to address ...
OLYMPIA — Gov. Bob Ferguson’s first year in office has been shaped by a state budget crisis that was years in the making, and yet somehow arrived abruptly. He and majority Democrats last year grappled ...
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