Prop 1098 destroyed!

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A

Argo

Lifer
Apr 8, 2000
10,045
0
0
A proposition to institute 5% income tax on rich people (people making over $200,000) in the state of washington got destroyed. Big. 65% against.

I've never been more proud of my fellow washingtonians.
 
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BoomerD

BoomerD

No Lifer
Feb 26, 2006
66,536
14,918
146
Warshington's always been proud of not having an income tax...but with sales tax revenues steadily declining, I'm not surprised to see them try an income tax. I actually expected this one to do pretty well since MOST folks in the state wouldn't be affected by it.
 
zinfamous

zinfamous

No Lifer
Jul 12, 2006
111,926
31,457
146
Ah, the mantra of Reagan, still alive and well, still destroying the economy where it treads.

good for regression!
:thumbsup:
 
erikistired

erikistired

Diamond Member
Sep 27, 2000
9,739
0
0
it's election day, the trash is bound to sneak out of it's dumpster here and there.
 
Bateluer

Bateluer

Lifer
Jun 23, 2001
27,730
8
0
Argo said:
A proposition to institute 5% income tax on rich people (people making over $200,000) in the state of washington got destroyed. Big. 65% against.

I've never been more proud of my fellow washingtonians.
Click to expand...

Congrats. :)

Now, they just need to be motivated to spend it in the US.
 
M

mcmilljb

Platinum Member
May 17, 2005
2,144
2
81
BoomerD said:
Warshington's always been proud of not having an income tax...but with sales tax revenues steadily declining, I'm not surprised to see them try an income tax. I actually expected this one to do pretty well since MOST folks in the state wouldn't be affected by it.
Click to expand...

I think they voted against it because they saw a slippery slope. Once you had a income tax on the rich, what would stop them from expanding it to not so rich people?
 
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M

Matthiasa

Diamond Member
May 4, 2009
5,755
23
81
mcmilljb said:
I think they voted against it because they a saw a slippery slope. Once you had a income tax on the rich, what would stop them from expanding it to not so rich people?
Click to expand...

Given how most people think, I'm betting no. :p
 
Mo0o

Mo0o

Lifer
Jul 31, 2001
24,227
3
76
mcmilljb said:
I think they voted against it because they a saw a slippery slope. Once you had a income tax on the rich, what would stop them from expanding it to not so rich people?
Click to expand...

That's pretty much what all opponents focused in on
 
BoomerD

BoomerD

No Lifer
Feb 26, 2006
66,536
14,918
146
mcmilljb said:
I think they voted against it because they a saw a slippery slope. Once you had a income tax on the rich, what would stop them from expanding it to not so rich people?
Click to expand...

True dat, but do you REALLY think the average voter can think that far into the future? Hell, most of them can't remember what they had for breakfast...
 
A

Argo

Lifer
Apr 8, 2000
10,045
0
0
BoomerD said:
True dat, but do you REALLY think the average voter can think that far into the future? Hell, most of them can't remember what they had for breakfast...
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Problem is - there was already precedent in WA. We passed sales tax and then it got increased over the years. Also - 200k isn't that high in WA. I know it may look high if you live in southern states, but remember WA has a lot of high-tech jobs.
 
BoomerD

BoomerD

No Lifer
Feb 26, 2006
66,536
14,918
146
Argo said:
Problem is - there was already precedent in WA. We passed sales tax and then it got increased over the years. Also - 200k isn't that high in WA. I know it may look high if you live in southern states, but remember WA has a lot of high-tech jobs.
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heh-heh...yeah, I'm definitely in a southern state...Kahleeforneeya...(but NORTHERN Kahleeforneeya.) :p

I grew up in Eastern Warshington...IIRC, when we moved back in 64, sales tax was at 4%. Isn't statewide sales tax at something like 6.5%? (yeah, local sales taxes may raise it by another couple of percent.)
We're at 8.25% in my county here now.
 
D

DaveSimmons

Elite Member
Aug 12, 2001
40,730
670
126
Those of us with longer memories can recall how every time the WA economy heads back into the upward part of the cycle, the politicians say "it's time to spend again."

Google is failing me, but Gregoire used almost those exact words a bit before the real estate bubble burst.

You have to be very trusting to think the income tax will stop with "the rich" -- California shows us the politicians will spend high sales and income taxes to the point of bankruptcy. Give politicians money, they'll spend it all and more, regardless of party.
 
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A

Argo

Lifer
Apr 8, 2000
10,045
0
0
BoomerD said:
heh-heh...yeah, I'm definitely in a southern state...Kahleeforneeya...(but NORTHERN Kahleeforneeya.) :p

I grew up in Eastern Warshington...IIRC, when we moved back in 64, sales tax was at 4%. Isn't statewide sales tax at something like 6.5%? (yeah, local sales taxes may raise it by another couple of percent.)
We're at 8.25% in my county here now.
Click to expand...

I believe it's 8+% statewide and 9% in Seattle.
 
OutHouse

OutHouse

Lifer
Jun 5, 2000
36,410
616
126
$200K is rich? sure its a decent income and more than i make but i would not call a annual income of $200K rich.
 
E

Eli

Super Moderator | Elite Member
Oct 9, 1999
50,419
8
81
OutHouse said:
$200K is rich? sure its a decent income and more than i make but i would not call a annual income of $200K rich.
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Are you kidding? What would you consider "rich" then?

200k/year is most certainly, by just about anyone's imagination, "rich".

Unless you make over 200k a year. How many people do that? The top 5%? lol.
 
A

Argo

Lifer
Apr 8, 2000
10,045
0
0
Eli said:
Are you kidding? What would you consider "rich" then?

200k/year is most certainly, by just about anyone's imagination, "rich".

Unless you make over 200k a year. How many people do that? The top 5%? lol.
Click to expand...

Let's ask it this way - what do *YOU* consider rich? Just put a check next to one that applies:

* Anybody who makes more than you?
* People making above some magic threshold?
* People who can afford things that go behind bare necessities (like a vacation or a nice car)?
* People in the upper 5% of the income band?
 
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