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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...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.