Another reason for a progressive income tax in Washington StatePosted 16 April 2010 by Bob Chapman
Washington State does not have a progressive income tax. For that matter, unless you count the Business and Occupations tax (a flat tax charged to businesses), we do not have any type of income tax.
The state that is home to some of the richest people in the world does not have an income tax. Not that Bill Gates, Sr., hasn’t tried.
Forbes Magazine has given Washington State another reason to establish a progressive income tax when it reported the following:
Topping the list this year is newcomer Carlisle Cullen, patriarch of the Cullen coven of vampires in the Twilight series of novels. Cullen, age 370, has accumulated a fortune of $34.1 billion–much of it from long-term investments made with the aid of his adopted daughter Alice, who picks stocks based on her ability to see into the future. Low-key and undead, Cullen has spent recent years posing as a mortal doctor in a small town in Washington State.
More than ever we need a progressive income tax in Washington State. After all, nothing is certain but death and taxes.
Unfortunately the taxes collected by an income tax on Cullen would be fictional, too. Our financial needs for schools and health care for those without insurance is not fictional.