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    Washington State just passed a bill to tax the super-rich, for the first time ever. The top .5% will have to pay a state income tax, raising up to $4 billion every year. That money will pay for school lunches, expand a tax credit for low-income families, and fund services.


    Washington State just passed a bill to tax the super-rich, for the first time ever. The top .5% will have to pay a state income tax, raising up to $4 billion every year. That money will pay for school lunches, expand a tax credit for low-income families, and fund services.



    https://v.redd.it/e420znovaurg1

    Posted by Conscious-Quarter423

    5 Comments

    1. gman-101010 on

      A couple of interesting facts:

      There are 13 billionaires living in Washington State.

      Wealth reports that the average billionaire owns between 4 and 9 homes globally.

      All billionaires (and many many millionaires) can simply declare any of their residences as their primary for taxation purposes.

    2. Disastrous-Most7897 on

      Only thing worth asking about is if it closes the debt-as-income loophole

    3. dbl0s7n on

      They likely spend more money trying to repeal the tax than just paying it. After a while it’s not about money, it’s about influence and control for them.

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