Reply to For those with high HHI ($500K), tax saving strategies

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]https://www.newsweek.com/former-starbucks-boss-leaving-washington-what-we-know-11657833

Starbucks founder is leaving Washington State. Washington State passed a tax of 10% on anyone earning 1million dollars over and above the existing taxes.[/quote]

Washington state has no income tax. So 10% on income only over a million is basically nothing. [/quote]

Not to people making more than $1M.  Also, there is no "double to $2M" for couples filing jointly.  So it is incredibly unfair tax as well.  Where else do we tax someone single starting at $1M and a couple starting at $1M as well?   Nowhere because it's unethical and wrong.

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What a bizarre statement.  It's unethical to tax someone at $1MM in income vs. most states that tax everyone at all income levels with like a $30k exclusion but you hit the maximum marginal tax rate at like $200k?

In what universe is that unethical?  Would you prefer that everyone making $100k+ pay income tax, and you still hit a 10% marginal rate at $1MM+ (but now the person earning $1MM is paying taxes on another $900k)?[/quote]

Wa state constitution forbids an income tax.  So change the constitution if you want and then pursue an income tax.

But don't tax families at $1m  and a single person at $1m as well.  Th e individual should start at $500k to be logical.

We already pay taxes in other ways.  Gas tax and vehicle registration are be try high  because yes the money for roads and infrastructure must come from somewhere.

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