Washington ~ Personal Income Tax: Seattle Tax on High-Income Earners Approved by City Council

The Seattle City Council has approved legislation (Council Bill 119002) to impose a personal income tax at the rate of 2.25% on income over $250,000 per year for individuals or $500,000 per year for married couples filing jointly, applicable to income earned beginning in 2018. Seattle Mayor Ed Murray has indicated that he plans to sign the measure into law.

The City Council’s news release is available at http://council.seattle.gov/2017/07/10/council-approves-city-income-tax-on-high-earners/.

Council Bill 119002, as approved by the Seattle City Council on July 10, 2017



All stories by: CCHTaxGroup

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