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Seattle to impose income tax on "rich"

oneforthebus said:
He doesn't have to move to Ohio, he can just move a half mile outside the city limits. You wouldn't do that to save 2.5% of your income? Higher taxed areas lose population (and businesses) to lower taxed areas all the time. It's just basic economics.
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Funny you should mention that as I live not even a half mile from Butler County where property taxes are about half that of Allegheny County. Why didn't I buy a house a half mile away? Because comparable houses were about 15% more expensive. The mortgage payments worked out to be about the same.

Anyway, 2.5 percent is a COLA for one year. If you had a choice of packing up and moving or going one year without a COLA, would you move? I wouldn't. Moving sucks. So does buying and selling houses.
 
Troglodyte said:
2.25% on total income over $500k, with a $750k salary = ~$6k
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so you are 100% for penalizing people who make an arbitrary "too much" money.

where does it stop?
 
Troglodyte said:
Funny you should mention that as I live not even a half mile from Butler County where property taxes are about half that of Allegheny County. Why didn't I buy a house a half mile away? Because comparable houses were about 15% more expensive. The mortgage payments worked out to be about the same.

Anyway, 2.5 percent is a COLA for one year. If you had a choice of packing up and moving or going one year without a COLA, would you move? I wouldn't. Moving sucks. So does buying and selling houses.
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Well you are in the minority there, as Allegheny County has a shrinking population while Butler's is growing. Would I move? Probably not. But when we relocated to Pittsburgh a big reason we chose Peters Township over Mt. Lebanon or Upper Saint Clair was the lower taxes.

No, it's not like everybody will just up and choose to move the day that tax is implemented. You're oversimplifying. Over time you will lose people with incomes above the limit. As the old adage goes, if you want less of something, tax it. Want fewer rich people, make sure you tax people for being rich.
 
Sarge said:
Philadelphia imposed a 1.5 cent per ounce tax on soda. It was supposed to raise revenue for education programs, primarily pre-k. Well, 49% is going to education programs. The rest? To social engineering programs and bonuses and raises for state employees. Who knew you couldn't trust government.

http://www.philly.com/philly/opinion/commentary/philly-moves-the-goalposts-on-soda-tax-20170810.html
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According to this report, in Philly beer is now cheaper than soda pop.

http://www.fox29.com/news/local-news/272596652-story
 
oneforthebus said:
Well you are in the minority there, as Allegheny County has a shrinking population while Butler's is growing.
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Butler County is also almost totally run and totally represented by Republicans.

You're oversimplifying.
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It's the only way he can make his arguments.
 
Troglodyte said:
So if your local government proposed a plan to lower your taxes (property. etc.) by imposing a 2.5% tax on incomes over $500k, you'd be vehemently against it?

They already pay more in taxes, would you favor paying more in taxes so they could pay less?
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Yes I would be vehemently opposed to taxing them. And here's why, because I understand economics.
You see what always happens in situations like this is that these people who have high incomes move their families and their businesses out of the area that has increased their taxes. This causes people to lose jobs, the tax base to shrink, and economic depression in that area. On the front end it looks like I am making out like a bandit, this causes people to lose jobs, the tax base to shrink, and economic depression in that area. On the front end it looks like I am making but on the backend it's a net loss to me and my but on the backend it's a net loss to me and my community(think Detroit). On the backend it's a net loss for me and everybody else.
 
oneforthebus said:
From its ill-advised wage tax to this stupid soda tax, there is no better example of how excessive taxation can destroy prosperity than the city of Philadelphia. It should be right there as a case study in economics text books.
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It's small in the grand scheme of things but after PA recently raised the gasoline tax to the highest in the nation at 54 cents a gallon, well I live 14 miles from the Ohio border and got my last few tanks of gas there. It's worth the time and a gallon and a half of gas to save 40 cents per gallon. So now the state gets zero gas tax from me. Couple days ago I took my truck, three 5 gallon cans, and 40 cents in Get Go fuel perks and bought 30 gallons at $1.83. Then I went into the Giant Eagle across the parking lot and bought two six packs of fine craft beers (Southern Tier IPA and Great Lakes Burning River Pale Ale), a bottle of Limoncello, and a fifth of Jim Beam, all for less than I would pay in PA. So the state lost my liquor tax too.
 
The soda tax and this new wealth tax are just indicators of where Seattle is headed. If someone has to stay in Seattle to make a ton of money, they will. Liberals underestimate the existential angst that some capitalists feel in these environments. By capitalists, I mean normal Americans who have no time to re-argue the merits of capitalism or the evils of socialism.
 
Ron Burgundy said:
It's small in the grand scheme of things but after PA recently raised the gasoline tax to the highest in the nation at 54 cents a gallon, well I live 14 miles from the Ohio border and got my last few tanks of gas there. It's worth the time and a gallon and a half of gas to save 40 cents per gallon. So now the state gets zero gas tax from me. Couple days ago I took my truck, three 5 gallon cans, and 40 cents in Get Go fuel perks and bought 30 gallons at $1.83. Then I went into the Giant Eagle across the parking lot and bought two six packs of fine craft beers (Southern Tier IPA and Great Lakes Burning River Pale Ale), a bottle of Limoncello, and a fifth of Jim Beam, all for less than I would pay in PA. So the state lost my liquor tax too.
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I buy all of my liquor in Delaware. Also almost everything that is subject to sales tax in PA, which is almost everything except for clothes and food.
 
oneforthebus said:
I buy all of my liquor in Delaware. Also almost everything that is subject to sales tax in PA, which is almost everything except for clothes and food.
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Everything in KS is taxed. And it varies by county, even city. Don't get me started on getting car tags every year....holy **** it's a racket. Instead of a flat fee, they charge you property tax on your car. My tags this year should be 400 something. Last year they were 2400- I had to pay sales tax on the car I already had paid sales tax on because I refinanced it in my name....KS looked at that as a sale. So 2400 to get tags for ONE year. When we bought the car, we paid sales tax. Well, since we lived in a different county from where we bought the car, we had to pay an additional 400 bucks in sales tax FOR THE COUNTY WE LIVED IN. I've know people to spend over 1000 a year to get car tags.
 
Ron Burgundy said:
It's small in the grand scheme of things but after PA recently raised the gasoline tax to the highest in the nation at 54 cents a gallon, well I live 14 miles from the Ohio border and got my last few tanks of gas there. It's worth the time and a gallon and a half of gas to save 40 cents per gallon. So now the state gets zero gas tax from me.
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Suggest driving 14 miles out of the way to save $8 on a tank of gas to a guy making $50k and he may likely take your advice. Make the same suggestion to a guy making $500k and its almost certain he will disregard it.
 
Troglodyte said:
Suggest driving 14 miles out of the way to save $8 on a tank of gas to a guy making $50k and he may likely take your advice. Make the same suggestion to a guy making $500k and its almost certain he will disregard it.
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Some of the thriftiest people I know are some of the wealthiest. And some wealthy people who aren't thrifty end up with nothing.
 
DBS1970 said:
You see what always happens in situations like this is that these people who have high incomes move their families and their businesses out of the area that has increased their taxes.
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Google the 10 states with the highest taxes and the ten states with the lowest taxes and then explain to me how It is so that the all the wealthy people have moved.
 
Steelerlyn said:
Everything in KS is taxed. And it varies by county, even city. Don't get me started on getting car tags every year....holy **** it's a racket. Instead of a flat fee, they charge you property tax on your car. My tags this year should be 400 something. Last year they were 2400- I had to pay sales tax on the car I already had paid sales tax on because I refinanced it in my name....KS looked at that as a sale. So 2400 to get tags for ONE year. When we bought the car, we paid sales tax. Well, since we lived in a different county from where we bought the car, we had to pay an additional 400 bucks in sales tax FOR THE COUNTY WE LIVED IN. I've know people to spend over 1000 a year to get car tags.
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And I thought that Iowa was bad for tags. $2,400? WTF?
 
Give Seattle some time and they can catch up to Chicago.
 
Ron Burgundy said:
It's small in the grand scheme of things but after PA recently raised the gasoline tax to the highest in the nation at 54 cents a gallon, well I live 14 miles from the Ohio border and got my last few tanks of gas there.
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I was in PA last week. Gas in Uniontown was 80 cents a gallon more than where I live. Unbelievable.
 
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