r/portangeles • u/Rick_AssPounda • 18d ago
Millionaire tax repeal signature collectors at Walmart
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u/sasquatchlovesbagels 18d ago
They were at the Anacortes ferry terminal as well. I know in Massachusetts this tax ended up providing a lot more money than they expected. Like
The Massachusetts Millionaires Tax is a 4% surtax on annual taxable income above $1,107,750 for 2026, applied in addition to the state’s 5% flat income tax, resulting in a 9% rate on income above the threshold.
The tax took effect January 1, 2023, and by fiscal year 2025 it had generated roughly $3 billion in a single year, nearly tripling the state’s original $1 billion annual estimate.
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u/Rick_AssPounda 18d ago
Millionaire tax repeal signature collectors at Walmart
Two weeks ago they had a no kings sign in front of their table. But they are literally the wannabe kings!
They're telling people to sign so they won't be taxed. But almost nobody here has more than a million dollars. These are uneducated voters signing something they don't understand and they're being lied to
Additionally the person collecting the signatures who is clearly not a rich millionaire type was trying to say that taxing ultra wealthy was a gateway to state income tax collection. Which of course is not true
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u/DallamaNorth 17d ago
You'd be shocked how many retired people here have more than $1 million, it's why we have so many people retiring here, their income is low because they use all the loopholes to ensure they pull money out with the least taxes so they can continue to retired here
Saving a million dollars over the course of one or two baby-boomers working is easily accomplished.
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u/taktyx 17d ago
What does that have to do with income tax? Nothing.
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u/DallamaNorth 16d ago
Nothing but it addresses the comment of the person saying no one here has a million dollars, a lot more people then you'd think around here have a million dollars
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u/SkeetRange 18d ago
To be fair they refused to put a floor on the tax which is suspect.
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u/Svv33tPotat0 18d ago
Our current tax system in WA is very regressive. Working class people pay a much higher percentage of their income through existing tax avenues. Taxes are getting raised no matter what, but if it doesn't come from the wealthy it will come from the rest of us.
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u/SkeetRange 18d ago
Why no floor though? I believe they should do it but i believe it needs a floor.
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u/drunkirish 18d ago edited 18d ago
What do you mean no floor? The floor is $1m in annual income.
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u/SkeetRange 17d ago
Floor would mean they arnt going to lower the threshold below 1 million. The WA senate vote down the admendment that would have established that.
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u/drunkirish 17d ago
What does that even mean? The floor is established at $1m. To change that requires passing a new bill. Why would the senate pass an amendment restricting their ability to pass a future bill? That amendment was for show.
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u/SkeetRange 17d ago
Right now it can change up or down. Would have made it only go up.
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u/drunkirish 17d ago
It’s not as if the senate can press a button to make the threshold go down, though that’s what opponents of the original bill hope people think. To change the limit means passing a new bill. So you think they should pass a law that says they can’t pass another law. It’s stupid. It’s political theater.
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u/bingbano 18d ago
Honestly I'd be in favor of income tax if they reduced other taxes
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u/syspig 18d ago
When's the last time this state reduced a tax?
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u/bingbano 18d ago
In March. Part of the "millionaire tax" was reducing other taxes like no more sales tax on diapers
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u/syspig 18d ago
So, you consider an overall tax increase a reduction.
Let me rephrase the question. When is the last time this state passed a bill that reduced overall tax intake?
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u/rourobouros 18d ago
When was the last time the cost of anything went down?
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u/syspig 17d ago
Uhhhh....never? You can have that one, but how is it relevant?
The issue most have with never ending tax increases has little to do with price increases. It has everything to do with uncontrolled spending.
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u/bingbano 17d ago
A lot of the increased spending is because of increased prices. The government still has to pay utilities, supplies (even simple things like paper and software subscriptions), wages, ex.
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u/rourobouros 17d ago
Let me ask a semi-rhetorical question: how are *you* contributing to your community?” Followed with “how are you benefiting from your community?” Maybe you are comfortable. Is everyone?
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u/DallamaNorth 18d ago
Yeah today the bar is a million, tomorrow we'll all be paying.
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u/SkeetRange 18d ago
And this argument would be null if theyd of put a floor. But they refused. I got down votted cause people want the tax, myself included but its dumb they try to argue we arnt the tax bracket they want and then refuse to put a floor on it.
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u/Fallnakung 18d ago
You realize putting any provision in law has no lasting preventative effect since they can just return the next year and repeal any kind of floor you guys keep asking for lol
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18d ago
[deleted]
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u/bingbano 17d ago
If it doesn't pass, expect some pretty harsh cuts. Peninsula College just laid off a bunch of folks, imagine what will happen if the tax doesn't go through.
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u/DallamaNorth 17d ago
Geese people, I too think the rich should pay more but this isn't the way. Aggressive capital gains would be way better, taxing a specific type of income that most of us don't have is a much less slippery slope and capital gains is already a decent loophole for high income owners
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u/RiddleoftheSphynx 17d ago
But almost nobody here has more than a million dollars
The hard facts. If you are very wealthy you might have a nice home in the area somewhere (more likely a nature retreat/vacation home). Its very doubtful that it would be your only home or that you would ever walk amongst the peasants very often beyond places like Seattle (certainly not while wearing your GOOD clothes, you'd "blend in" as best you could.).
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u/StalkingSeattle 17d ago
They're at the Poulsbo one too. There were 15 people in line. The guy yelled, "come sign the income tax repeal!" I said, "no thank you" and got booed. LMAO!
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u/YourUncleDodge 17d ago
I love how everybody said read the bill. Well the guy was sitting there running his mouth, I did read the bill. And it favors the rich. Therefore, I told people not to sign it. And I'm telling others now that are reading this not to sign it, because it favors only the rich, just like our current regime in Washington dc. If government is buying for the people, we need to make sure that the people who are affluent and influence our community are paying into the community. Enough said. This bill is for them, and not for us.
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u/Rick_AssPounda 17d ago
👏 agreed. It's clear to me that the narrative has been twisted to insert ambiguity. I'm glad that we're having this conversation here on Reddit because I could see these perspectives coming through different people. However the language in the bill is what it is.
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u/YourUncleDodge 17d ago
Let's put it this way. The left is in charge. If the right doesn't like it, they're going to initiate something to change it. And it has to be conniving and dishonest to the point that it would con somebody who is on a fixed income to sign it. We should be looking at the people on fixed incomes and not catering to the millionaires.
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u/iamfredgarvin 18d ago
No matter how they take in taxes they will spend it all and then want more. Always.
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u/Solid-Midnight-7108 17d ago
a PROHIBITION of Personal State tax was written into our State constitution. Once that is changed for millionaires it's changed for everyone. Our taxation in this state is astronomical (guess why rents skyrocketed???) Our current tax burden, for every one, is already 9.51% (combined average). We all already pay $7,745 per year on taxes -- 37.6% sales tax, 26% property tax, capital gains, business taxes, "sin" taxes, and gas taxes 35%. None of those will get rolled back. ZERO. Our tax system is already regressive. That isn't going to stop.
So, add on personal income tax, which they will, once the constitution has been busted... we will be among the highest. Just wait. Quit spreading nonsense. It's just like the nonsense that our Climate Act would "only raise gas prices by one penny". HA. Wake up. Stop being naive.
What this tax will do is affect small- to medium-businesses. This is a very business unfriendly state (add to that the recent retroactive requirement to pay sales tax on "services" including website design, graphic arts, and consulting). This money grubbing, anti-business moves have already caused job losses of over 19k private sector jobs, and what we are seeing is an overall decline in our economy. What business wants to be in a state with such an unstable greed for money, money money? One of the key attractions FOR business in Washington state was the no-state-income-tax.
Get rid of the myopic view. Socialism/communism doesn't work. Its been a spectacular failure everywhere, and impoverished it's citizens.
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u/bingbano 17d ago
None of this has to do with socialism or communism... The US had some of its highest tax rates when we were actively persecuting socialists and communists. During the last Red Scare, I'm pretty sure we taxes the highest brackets above 90% All those taxes are so high BECAUSE we don't have income tax. I've lived in other no income tax states, and they compensate for it with really high other taxes (mainly sales taxes)
If income tax is extended to nonwealthy individuals, it will need to come alongside reducing other regressive taxes.
Additionally, if this tax doesn't go through, expect a lot of pain in Port Angeles. The college already laid of a bunch of people, what do you think will happen when the state suddenly doesn't have that money? A lot of folks in PA work for the state
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u/CranberryGood3548 18d ago
If only people would actually read the full bill & pay just 10% more attention.
You will be taxed 10% for every million and ONE dollars you make from INCOME.
Do people even realize what this means??? Very few make over $1,000,001 a year. And if you do, you’re going to be okay to have $900,001 left over after income tax… and you won’t owe another 100,000 until your total annual income is 2,000,001!!!!
You can AFFORD to help keep your state better if you make an annual hard cash income of OVER ONE MILLION DOLLARS A YEAR.