Seattle considers expanding ‘JumpStart’ tax on big businesses to plug budget deficit
GeekWire
AUGUST 10, 2023
The city this week released findings from a report detailing ideas for progressive taxes to help plug a budget gap that is expected to reach $221 million in 2025 and grow by another $207 million in 2026. ” The JumpStart tax currently applies to salaries over $174,000 annually at companies with yearly payroll expenses of $8.1
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