Author Topic: Seattle passes payroll tax targeting Amazon and other big businesses  (Read 386 times)

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Offline Applewood

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Seattle passes payroll tax targeting Amazon and other big businesses

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Seattle’s City Council has approved a new tax for the city’s biggest businesses and their highest earners, such as Amazon.
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Under the measure, businesses with at least $7 million in annual payroll expenses will be taxed 0.7% to 2.4% on the amount they pay Seattle-based employees, with tiers based on individual salary amounts above $150,000. The highest bracket targets companies like Amazon with annual payroll expenses above $1 billion. Those companies will be taxed 2.4% for employees making more than $400,000.

https://www.cnbc.com/2020/07/07/seattle-passes-payroll-tax-targeting-amazon-and-other-big-businesses.html?&qsearchterm=Seattle%20payroll%20tax

Offline dfwgator

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Re: Seattle passes payroll tax targeting Amazon and other big businesses
« Reply #1 on: July 07, 2020, 07:23:17 pm »
Adios, Seattle.

Offline skeeter

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Re: Seattle passes payroll tax targeting Amazon and other big businesses
« Reply #2 on: July 07, 2020, 07:24:34 pm »
Har dee har-har, Bezos. Guess you’ll be relocating your rice bowl to one of those redneck states.

Offline IsailedawayfromFR

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Re: Seattle passes payroll tax targeting Amazon and other big businesses
« Reply #3 on: July 07, 2020, 08:38:57 pm »
They really do know how to destroy businesses there, don't they?

The hemorrhaging taking place in Seattle, San Francisco, New York and Chicago is remarkably consistent:  Go liberal, go shrink.
No punishment, in my opinion, is too great, for the man who can build his greatness upon his country's ruin~  George Washington