Oh, by the way, when Seattle voters passed a (yet another) levy in 2015 for 50 miles of bike lanes ... well, you all are getting 25 Miles. Sorry. We underestimated the costs of construction. The new cost is $12million per mile of bike lane. We’ve altered the deal. Pray we do not alter it further.
Not usually the result of jacking property taxes repeatedly. But maybe this time will be different than all the others, eh? Maybe the landlords won’t pass the costs on this time.
Maybe.
Not usually the result of jacking property taxes repeatedly. But maybe this time will be different than all the others, eh? Maybe the landlords won’t pass the costs on this time.
Maybe.
In the Twilight Zone.
Hey if all the big employers leave, it'll probably go down.
Thy praise or dispraise is to me alike:
One doth not stroke me, nor the other strike.
-Ben Johnson
Explosive neck collars for everyone who votes for these tax hikes. You vote for it, you live with it. For life.
None of this running the city into the ground and then moving on like fucking locusts.
GrumpyCatFace wrote:Dumb slut partied too hard and woke up in a weird house. Ran out the door, weeping for her failed life choices, concerned townsfolk notes her appearance and alerted the fuzz.
...Then Harry got sick of the abuse from his brothers and moved out of town, the gate rusted and the street decayed and his brothers property values declined. The town bought Harry's house and turned it into a homeless addict shelter, and the streets got littered with needles and feces, further eroding their property value below what they'd bought them for, effectively placing their mortgages "under water". Tom and Dick insisted they'd done the right thing until their deaths.
Nearly 63 percent of households in the lowest 20 percent of income (those making less than about $23,500) will pay some Medicare and Social Security taxes in 2013.
Many of those who don't are the low-income elderly. Because they do not work, they pay no payroll taxes. And because their incomes are so low—often only Social Security benefits—they pay no income tax.
My TPC colleague Amanda Eng estimates that among the elderly in the bottom 20 percent of income just 5 percent will pay payroll taxes and less than 1 percent will pay income tax. By contrast, among households with no members 65 and older, more than 8 in 10 will owe payroll tax while just 6 percent pay income tax.
Among all taxpayers in the middle 20 percent (between about $45,000 and $76,000) more than 85 percent will pay Social Security and Medicare taxes this year while 72 percent will pay federal income tax. Even among middle-income households, more than eight in ten will pay more payroll tax than federal income tax.
TPC also looked at who will pay payroll and income tax in 2023. A decade from now, a significantly larger share of low-income households will pay both levies. Among those in the lowest 20 percent of income, 72 percent will owe payroll taxes, up from 63 percent today. And 20 percent will pay income tax, up from 13 percent today.
Interestingly, while a greater share of middle-income households will owe federal income tax (86 percent v. 72 percent), slightly fewer will be paying payroll tax (82 percent v. 86 percent).
Overall, 80 percent of households will pay Social Security and Medicare taxes while 65 percent will pay income taxes. Two out of every three will pay more payroll tax than income tax. TPC includes the employer share of payroll taxes in its estimates.
The rising percentage of taxpayers a decade from now will largely be driven by an improving economy that returns to full-employment and the scheduled expiration of the relatively generous versions of the Earned Income Tax Credit and the American Opportunity Tax Credit.
The message from all this is pretty clear: It is simply not true that more than 40 percent of U.S. households pay no taxes, or even no federal taxes. While many may not pay federal income tax this year, 80 percent will pay Social Security and Medicare taxes. They do indeed, as the phrase goes, have skin in the game.
Jedi seems unhappy that poor people aren’t also exempt from sales tax. The free ride isn’t free enough for his liking I guess.
“Sure Seattle soaks others for billions so I can have free housing, free transportation, free preschool, free food, free education, and free utilities - but they still FORCE me to pay sales tax on my subsidized groceries!!!”
