I would argue that this law does tend to unfairly target the tech sector which often pays their people in stock. This is compared to other professions who may make an equivalent or higher salary but will not be subject to the 7 percent tax.
That doesn’t seem quite fair. If we’re going to do this, we should have a 7 percent tax across the board for anything over 250k (or whatever) instead of strictly targeting a particular sector
The tech sector is responsible for the huge influx of people moving to the state, Seattle specifically. Our infrastructure was not able to handle that influx and is only now catching up, 2 decades later.
Tech came here because of our archaic tax laws that prevented an income tax from going through, I have zero empathy that this solution impacts them disproportionately.
I would argue that this law does tend to unfairly target the tech sector which often pays their people in stock. This is compared to other professions who may make an equivalent or higher salary but will not be subject to the 7 percent tax.
That doesn’t seem quite fair. If we’re going to do this, we should have a 7 percent tax across the board for anything over 250k (or whatever) instead of strictly targeting a particular sector
I’ve been working in software development in WA state for about 25 years. I haven’t been paid (even partially) in stock since the mid 2000s.
The tech sector is responsible for the huge influx of people moving to the state, Seattle specifically. Our infrastructure was not able to handle that influx and is only now catching up, 2 decades later.
Tech came here because of our archaic tax laws that prevented an income tax from going through, I have zero empathy that this solution impacts them disproportionately.