Wednesday, February 25, 2015

How WA's taxes got this bad - New revenue falls short

We've heard a lot lately about Washington State's outdated and unfair tax system. Even USA Today reports that WA's poorest residents pay nearly 17% of their income in taxes, while the wealthiest few pay just 2%. Our tax system hasn't always been this lopsided - have you ever wondered how it got this bad? Rep. Reuven Carlyle made this video to help explain the problem step by step.

Outdated and Unfair — talking taxes in Washington

Additional Revenue Falls Short The WA Economic and Revenue Forecast Council just updated their numbers and while revenue projections are slightly up, our tax system (ahem, see above) still falls "woefully short of what is needed to meet the state's funding obligations in the next two years" according to experts at the WA State Budget & Policy Center.

Source: Washington United for Fair Revenue
Copyright © 2015 Washington United for Fair Revenue, All rights reserved.

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