Back in March Skip reported on a discussion underway in the city that never stops taxing, Seattle. The city council debate over a new tax based on how many people a company employs. At the time the issue was not so much if but how. The “how” has been decided and their latest act of plunder approved.
The result is the so-called head tax on Seattle businesses that gross at least $20 million annually. According to The Seattle Times, 585 businesses in the city will be subject to the tax. Not surprisingly, the tech giant Amazon is expected to pay the most under the tax. The initial proposal was for a $500 tax per employee, which, in Amazon’s case, would have meant an added $20 million in labor costs. Thanks to a veto threat from the mayor, the council reduced its tax grab to $275 per employee.
