A 50-state comparison of state income taxes shows WA would rank way, way low under I-1098
How does I-1098 stack up?
There’s really not a lot to add to these charts. What they show is that under I-1098, Washington’s income taxes would be extremely low by national standards.
Read full story and another chart at Sightline…
MORE ON 1098 FROM SIGHTLINE
Crosscut and the Wall Street Journal flunk math
Wealthy flock to pay income taxes
Comparing tax rates under 1098
RELATED
Analysis by former state supreme court justice finds I-1098 income tax unconstitutional
The Sightline Institute? Couldn’t you get a chart directly from Washington State Democrats? Does Sightline have another chart showing our power bills will go down under cap and trade legislation?
This is hugely helpful, especially the comparison with Oregon and California. Plus, 1098 would lower taxes for most people by cutting the property tax and eliminating the B&O tax. I think it’s a good deal.
Conservatives will accuse progressives of promoting “socialism” and “redistribution of wealth.” But in fact, since Reagan, wealth has been redistributed upwards. So it’ll be interesting to see if most voters fall for right wing propaganda and vote against their own interests.
Blue Light should try applying the math that any seventh grade student in Finland can do and leave the political B.S. to morons like Seattle Times editor Ryan Blethen. Not that Blethen does it well—it would just keep Blue Light from looking stupid, too. There are plenty of non-partisan sources that can verify Eric’s figures. One of my favorites can be found at http://www.itepnet.org (Institute for Taxation and Economic Policy). Its analysis of taxes in all 50 states shows that Washington’s spending is below the national average in terms of personal income, but it clearly shows that the balance between rich and poor is badly out of whack.