Crosscut: I’m Rich, I Should Pay More Taxes in Washington
media mentionBut if you’re a working family, Washington is a different story. That’s because in Washington, our lowest-income families pay taxes that amount to a six times greater share of their income than what the wealthiest households pay. We have the most upside-down tax code in the country, according to the Institute on Taxation and Economic Policy.
There’s no trophy for being first place in this contest. Fortunately, our lawmakers in Olympia this year are trying to do something about it with proposals to close the tax break on capital gains, which would impact a small handful of some of the wealthiest households in Washington. Read more