IN THE NEWS: Mayor Bruce Harrell and Seattle Metropolis Councilmember Alexis Mercedes Rinck are proposing a revision in the city’s tax code that will considerably decrease the enterprise and occupation tax for smaller companies however increase it considerably for probably the most revenue-rich 10% of companies.
The impulse to get more cash from probably the most profitable entrepreneurs on this very prosperous city is comprehensible, given the finances challenges civic leaders face, however the massive threat, as at all times, is that if taxes get too excessive, quite a few these companies and the roles they help will merely transfer throughout Lake Washington and go away Seattle that a lot poorer.
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