Closing in on Tax Day — Some Tax Takes

Some of you will read this on tax day, April 15th. Many will read it after. We’re all concerned about taxes.

That’s why Weekly Industry News has run several stories on taxes the last few weeks. The focus on taxes began with the Washington Legislature’s passing an 9.9% income tax on the state’s millionaires.

Since then we’ve looked at the states with the highest tax rates and the lowest, and the impact of taxes on individuals and businesses. Last week we ran one on a proposal now in the U.S. Senate to eliminate — or at least seriously reduce — the federal income taxes the poorest among us pay yearly.

This week we’re sharing a couple of links on taxes from different angles.

The first is from the Cato Institute. It has five charts on who pays taxes and how much they pay. Here’s the link https://bit.ly/3OtJH0y

The Washington State Policy Center has a link on the capital gains tax and a push to add an income tax and how they are driving businesses out of Washington State. Here’s the link: https://bit.ly/4sDCid3 .

Libertarian journalist John Stossel took to Facebook to examine efforts around the country to tax millionaires. It’s fascinating viewing from the always interesting Stossel: https://bit.ly/41ue4Hn