I am all for tax reform that makes it easier and simpler to calculate and pay taxes. I like it a lot when rates are reduced so I can legally pay less in taxes. I don’t mind when loopholes and dodges in the tax system are closed. Think of them as potholes on the road of life. So, what is the problem with the latest tax reform reduction?
Many people say that they donate to charitable causes to “give back” for being successful in business or their life. We assume that their success was due to luck or rich parents. Yet if you look at their circumstances more closely, it probably was because of hard work, ethical principles and choosing an education that prepared them for success.
Seattle’s Head Tax made national news before approval, as approved, after approval, and after repeal of the new tax on businesses who gross over twenty-million dollars. The Seattle City Council cited a McKinsey & Company report, The Economics of Homelessness in Seattle and King County, to justify their approval of the new tax on jobs even though it was soon revealed that this report was flawed and the Council had not actually read the report. The report cited aggressive growth in Seattle as the main cause to the growing homelessness, yet the reports focus was on the increase in money spent by Seattle to alleviate homelessness vs. the growth of the number of homeless.
Below are articles featuring economic and business news affecting our local community.