Like me, about half of all workers in Washington are employed by small and medium businesses, either their own or someone else's. That simple truth is exactly why the new 9.9% tax on income over a million dollars should worry voters and business owners throughout Washington.
Like me, about half of all workers in Washington are employed by small and medium businesses, either their own or someone else's.
That simple truth is exactly why the new 9.9% tax on income over a million dollars should worry voters and business owners throughout Washington.
This means less spending in our restaurants, fewer clients for our contractors, and shrinking opportunities for the very communities we represent.
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Like me, about half of all workers in Washington are employed by small and medium businesses, either their own or someone else's. That simple truth is exactly why the new 9.9% tax on income over a million dollars should worry voters and business owners throughout Washington. This means less spending in our restaurants, fewer clients for our contractors, and shrinking opportunities for the very communities we represent.
While politicians sell it as only affecting "the rich," the new tax will hit the many successful restaurants, contractors, and other small businesses that reach that threshold and (as is common) are set up as pass-through entities whose incomes flow through to their owner's personal income tax returns. Of equal or greater concern, when higher earners and their companies leave our state to avoid the new tax (to rising B&O taxes, increasingly burdensome government regulations, the state capital gains tax, and nation-leading estate tax), our customers disappear with them. many of them restaurant owners, contractors, and service providers.
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