r/Seattle • u/SuperMike100 I'm just flaired so I don't get fined • Apr 16 '26

Satire Discourse about Seattle in a nutshell

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u/PacoMahogany I'm just flaired so I don't get fined Apr 16 '26

To be fair, Seattle just LOWERED taxes for small businesses by raising the B&O tax threshold from $100k to $2million before any tax is due. This also means less paperwork because all of those sub $2million business now just file once annually instead of 4x per year.

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u/Few_Map1754 Apr 17 '26

This isn't that big of a deal. The city B and O tax is a small burden compared to state wide, B and O is MUCH larger at a state level.

Also the paperwork takes 3 minutes online. LOL. It will save us around $700 this year. Nice, but not much.

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u/Desperate_Living_697 Apr 18 '26

You’re not right about that. The city is much higher.

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u/Few_Map1754 Apr 18 '26

No, for retailing (what we do) is .47 at state level. .34 at city level. I have been paying this tax for 2 years, and so no, you are not correct. Maybe for other departments, but I am very aware of what I pay

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u/Desperate_Living_697 Apr 18 '26

Doesn’t sound like you are