Seattle residents speak out in favor of city income tax
By Lindsay Peyton
The crowd cheered and waved signs reading, “Tax the Rich,” during a special public hearing on a proposed income tax for high-income residents, held on Wednesday, June 14 at Seattle City Hall.
City councilmember Lisa Herbold, district one, is co-sponsoring an ordinance. She said about 8,500 individuals would pay this new income tax, if it passes.
Erik Sund, with the city council’s central staff, explained that that the progressive income tax ordinance is only in the discussion phase.
“It is not subject to voting at this point,” he said. “Review of the document is ongoing both by city staff and legal council.”
He said the ordinance, while subject to change, currently calls for a 2 percent tax on an individual tax filer’s income in excess of $250,000 or for joint filers, having an income in excess of $500,000.
Sund explained that fewer than 5 percent of Seattle households would be affected by the tax. Those who are not in that income bracket would not have to file any formal statement with their taxes.
