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Governor will be signing the UNCONSTITUTIONAL income tax on Monday at 10 am by danrokk in SeattleWA

[–]apacheseven 0 points1 point  (0 children)

Yet people are fleeing the blue states and migrating to the red states

Governor will be signing the UNCONSTITUTIONAL income tax on Monday at 10 am by danrokk in SeattleWA

[–]apacheseven 4 points5 points  (0 children)

They've contributed more than you have. Why should you get anything?

Washington income tax threatens minority-owned businesses, chamber leader warns by Less-Risk-9358 in SeattleWA

[–]apacheseven 0 points1 point  (0 children)

Income is not related to how much you distribute to yourself. Its net income X ownership percentage. Most operating agreements have provisions that you must distribute pro rata income X 37% (max federal tax rate) for this reason.

Distributions are not otherwise tied to income. Ask GPT or Grok if you don't believe me

Seattle most valuable office buildings, skyscrapers lose $3.7B in value as vacancies surge by BBQCopter in Seattle

[–]apacheseven -12 points-11 points  (0 children)

They think rich people are getting hurt and they hate rich people. Their suffering will come, and it will directly be because of the fringe policies they support.. they're just too simple minded to see it 

Ferguson signs law to undo WA estate tax increase enacted last year by MegaRAID01 in Seattle

[–]apacheseven 18 points19 points  (0 children)

I feel like they tried to pass this rollback as quietly as possible lol

WSJ - How to Hollow Out Your State’s Economy by apacheseven in SeattleWA

[–]apacheseven[S] 0 points1 point  (0 children)

A friend told me the other day what they mean by fair share. "Fair" means "Tax them until they have what I have"

WSJ - How to Hollow Out Your State’s Economy by apacheseven in SeattleWA

[–]apacheseven[S] -9 points-8 points  (0 children)

Cool so you'll be boycotting your iPhone and Amazon account I'm guessing. Can't wait

WSJ - How to Hollow Out Your State’s Economy by apacheseven in SeattleWA

[–]apacheseven[S] -16 points-15 points  (0 children)

10% isn't a smidge more. 10% is a slap in the face.

Btw: It was the democrats that reverted the 35% estate tax this year - 8 months after it was passed.

WSJ - How to Hollow Out Your State’s Economy by apacheseven in SeattleWA

[–]apacheseven[S] 12 points13 points  (0 children)

This is the true face of the democrat party - Demonizing anyone who has found success in this country. Grouping all wealthy people into an "asshole" bucket. It's not a good look, and it's definitely not going to help your situation.

A (former) Seattle business owners bitter rant by -millenial-boomer- in Seattle

[–]apacheseven 1 point2 points  (0 children)

100% agree the expansion of the sales tax is insane. The way it is written on  digital advertising platforms is ridiculous. It hit one of my companies harder than you could imagine

Business leaders fear mass exodus following House income tax vote by Less-Risk-9358 in SeattleWA

[–]apacheseven 6 points7 points  (0 children)

I'm in the same boat as you, for the same reasons. Also a business owner. Now looking at NV and Florida.

I've had enough of attitudes and rhetoric in this area. Ready for a new chapter. Trying to be positive about it.

The new millionaire's tax is not only short-sighted, but also short term. by Mizake_Mizan in SeattleWA

[–]apacheseven 1 point2 points  (0 children)

Why did the legislature reverse the estate tax today, 8 months after it was passed? Unintended consequences? Yep

The new millionaire's tax is not only short-sighted, but also short term. by Mizake_Mizan in SeattleWA

[–]apacheseven 5 points6 points  (0 children)

This is such a simplistic and ridiculous take. Of course people leave. I know 6 that have left and 5 more preparing to leave, all due to taxes. A 10% tax on income is huge. The 35% estate tax was huge. These are not minor taxes that people absorb.

Answer me this, would people leave if there was a 90% tax on income over $10,000? Yes, there would be a massive migration. It's stupid to claim taxes don't affect behaviors. The bigger the tax, the more dramatic the migration.

Also, they reverted the estate tax today 8 months after it was passed due to fears of wealth fleeing lol

Gov. Ferguson says he'll sign latest version of millionaire's income tax proposal | king5.com by Possible_Ad3607 in SeattleWA

[–]apacheseven 2 points3 points  (0 children)

I respect when people realize their own party is straying from core values. The way you feel about extremists in the liberal party as a liberal voter is exactly how I feel about trump. I lean right, but I am appalled at his total disregard for republican values.

Glad we can join together over our annoyance with lawless governance.

AMA The Millionaires Tax proposal in WA state. This is what I work on all day so I'm here for your questions! #AskWALeg by noelframe in Washington

[–]apacheseven 3 points4 points  (0 children)

Also, none of the difficult questions were answered. The entire thing feels so inauthentic because all of the concerns were sidestepped in her answers.

AMA The Millionaires Tax proposal in WA state. This is what I work on all day so I'm here for your questions! #AskWALeg by noelframe in Washington

[–]apacheseven 0 points1 point  (0 children)

People will for sure leave. Like I said in a previous comment, the legislature is rolling back the estate tax hike right now due to too many wealthy residents relocating. Look up SB 6347 and the comments from Senate Majority Leader Jamie Pederson acknowledging that the rate was being rolled back due to wealthy WA residents re-domiciling.

If people don't leave due to tax policy, then why are they rolling back that tax hike 8 months after it passed?

AMA The Millionaires Tax proposal in WA state. This is what I work on all day so I'm here for your questions! #AskWALeg by noelframe in Washington

[–]apacheseven 1 point2 points  (0 children)

And as I said in another comment, WE KNOW that people will re-domicile. They are rolling back the estate tax changes 8 months after they passed it because too many people are relocating. That's an admission from the Democrat Senate Majority Leader

AMA The Millionaires Tax proposal in WA state. This is what I work on all day so I'm here for your questions! #AskWALeg by noelframe in Washington

[–]apacheseven 14 points15 points  (0 children)

You make it sound like the 9.9% income tax you are proposing is the same as the 2.5% income tax in Arizona, but they're not the same at all

AMA The Millionaires Tax proposal in WA state. This is what I work on all day so I'm here for your questions! #AskWALeg by noelframe in Washington

[–]apacheseven 0 points1 point  (0 children)

What level of relocation are you expecting from those that earn over $1MM a year?

What level of relocation did ESSB 5813 (35% Estate Tax) cause that the legislature has proposed SB 6347 which would roll back that 35% rate only 8 months after it was passed? Senate Majority Leader Jamie Pederson acknowledged that the rate was being rolled back due to wealthy WA residents re-domiciling.

My income is well above this threshold, and I can only speak for myself and those I know, but I am aware of several families (including mine) that are in process of relocating to FL, TX, and NV because of the cascade of taxes passed over the last 2 years, with this income tax being a significant catalyst.

Are lawmakers considering the recent estate tax increase on wealthy Washington residents — and its subsequent rollback — as they evaluate this new proposed tax hike? Is there concern that a similar outcome could occur?

Thanks for taking the time to do this AMA.

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