The Briefing Room

General Category => Economy/Business => Topic started by: Applewood on July 07, 2020, 07:19:34 pm

Title: Seattle passes payroll tax targeting Amazon and other big businesses
Post by: Applewood on July 07, 2020, 07:19:34 pm

Seattle passes payroll tax targeting Amazon and other big businesses

Quote

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

Title: Re: Seattle passes payroll tax targeting Amazon and other big businesses
Post by: dfwgator on July 07, 2020, 07:23:17 pm

Adios, Seattle.

Title: Re: Seattle passes payroll tax targeting Amazon and other big businesses
Post by: skeeter 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.

Title: Re: Seattle passes payroll tax targeting Amazon and other big businesses
Post by: IsailedawayfromFR 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.