Will Microsoft, Amazon, Google, Facebook increase Seattle salaries 2% with new income tax?
As most of the companies increase an employee salary 10% when moving to CA to cover the state tax, will the big tech players increase Seattle salaries to reflect the 2% proposed income tax in Seattle? As this is not for public vote and the city council is looking to approve it July 10th, I was curious... we know how taxes go, only up! ๐๐ป
Haha
da fuck. Seattle's getting worse than the bay area at this rate.
Of course. Seattle lawmakers and council members are high everyday. Weed and coffee for the masses. The result? Seattle is also home of the homeless.
No, they will only give 8% adjustment for moving to CA
really. 2% will make a difference? Seems cheap
2% for a population which is primarily made up off high net-worth individuals pulling in about 150k a year.
An income tax won't go through anytime soon.
We say that, but the council is voting and there was only one opposer at the hearing.
Would the 2% tax be applied to the whole income or just the portion above $250,000?
I have read part of the proposed bill and it would be the portion above $250K as the bill currently stands. This encompasses not only your base, but 401K, stock, selling a home etc etc. 2% seems low, but that would be only the start because the city of Seattle has to build a team to manage this and the tax would then go up to pay for administration of the tax.
don't forget that income tax was declared unconstitutional in Washington state in the 1930s. this is a test case to see if that is still true.
I can't believe most people read past this. This is a really important point. It's probably the point on this tax.
Or course not and companies dont pay more for the bay lol
Sure they don't.
Most don't and certainly not the big ones, that would be silly.
Why do you think companies pay differently based on coat of living? This is not how labor markets work.
some companies do pay more for Bay area but they usually pay the same as n Seattle
Just move to bellevue. That's if it goes through, which is highly unlikely in the first place.
Bought in Seattle in March... will turn this into a rental and move East at my 2 year mark if income tax goes through. All you smarties on the east side!
Moving to Bellevue over a few thousand dollars? Why did you choose to live in Seattle in the first place? I'd value making the commute across the lake at more than 10k.