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Friends and neighbors,
Over the past two years, the Tax Structure Work Group conducted robust economic analysis and held initial listening sessions to find out how the Legislature can create a more equitable, transparent, and stable tax code for working families and small businesses.
Now, the work group is inviting taxpayers to explore several scenarios to change the state’s tax structure and wants to hear from you! Join a 90-minute interactive online Tax Town Hall on Wednesday, November 3, at 2:30 p.m. or 6:30 p.m. with other South/East Puget Sound residents.
Click here to register for the 2:30 p.m. session.
Click here to register for the 6:30 p.m. session.
Lean more about the Tax Structure Work Group at taxworkgroup.org.
Why do we need change?
Washington’s tax system is the most upside down and regressive in the nation. Asking the state’s lowest-income residents to pay six times more in taxes, as a share of their income, than the state’s highest income households – is unsustainable, causing generational damage and making recovery impossible for our residents and working families.
Additionally, we’ve heard for years that the business and occupation tax (B&O) is deeply problematic, particularly for our small, start-up and low-margin businesses, because it taxes gross revenue rather than net profit.
Under our current tax code, we don’t have the tools we need to ensure you only pay your fair share, small businesses only get taxed on what they earn, and every family has the opportunity to thrive in the state we all call home.
A comprehensive rebalancing and modernization of our tax code is critical to generating an equitable and lasting economic recovery for all who live, work, and open small businesses here.
We hope you’ll take this great opportunity next week to share your thoughts on how the state can better provide vital state services like schools and public health through an improved tax code.
Sincerely,
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