The Island Guardian
Locally Owned & Operated
- -
(360) 378-8243 - 305 Blair Avenue, Friday Harbor, WA 98250
The Island Guardian is a member of the Society of Professional Journalists
xx Home | News | Business | Environment | Lifestyles | Entertainment | Columnists | Archives | Classifieds | Nag
Current news
Government News
Political News
Service Organizations
Guest Editorials
Real Estate
Weekly Nag
Weekly Nag
Letters to Editor
Letters to Editor
To Contact the Editor

Home » Archives » October 2010 » Initiative 1098: Not What It Seems

[Previous entry: "Safety Fair Thank You"] [Next entry: "LETTERS ON BAN OF SAFE & SANE FIREWORKS"]

10/16/2010: "Initiative 1098: Not What It Seems"

Dear Editor:

A State income tax (they are selling it as an excise tax because our Washington Constitution does not allow an income tax) is a bad idea.

Their pitch for this new tax is misleading. It is being sold as a tax on the rich. On Initiative 1098 people need to be aware that the excise tax is on the receipt of taxable income. This means all income, including capital gains on the sale of a house or any assets or investment, which will include families that are not rich.

If they were genuine they would propose eliminating the regressive B&O tax and would not imply the initiative is going to significantly reduce our property tax. It is estimated that property tax will be reduced by 4% not the 20% they are pitching and will probably be increased in 2 years.

Keep in mind this tax can be expanded to include all tax payers in 2 years by the legislators once it is approved by the voters.

This Initiative also requires; “employers would be required to withhold estimated tax and pay it to the Department of Revenue” I have to ask how is the employer going to know which of his employees are RICH (sold an asset) so the employer will know if withholding is needed under penalty of being liable for the tax or being charged with a gross misdemeanor.

This tax is a bad idea and I will be voting no on Initiative Measure 1098.

Ralph Gutschmidt
Orcas Island

Tom Bauschke
John Evans
Mary Kalbert
Ron Keeshan
Gordy Petersen
Janice Peterson
Bruce Sallan
Terra Tamai
Amy Wynn
Helpful Links
Helpful Links
RSS Feed

Let the newspaper come to you with Real Simple Syndication

RSS Version

Web design by
The Computer Place

© 2008 The Island Guardian, Inc
All Rights Reserved.

Powered By Greymatter

To learn about this newspaper
how to place a free ad
to become contributor
click below:
The Island Guardian

or email: