taxes

Law
9:42 am
Mon February 27, 2012

Democratic lawmakers seek to overturn supermajority for taxes

Washington voters consistently send Democratic majorities to the statehouse. But four times over the past 20 years they’ve also voted to require a supermajority of the legislature to raise taxes. Most recently, in 2010. Now a group of Democratic lawmakers and their allies are challenging the constitutionality of that two-thirds rule.

Read more
The Two-Way
3:29 pm
Mon January 9, 2012

IRS revives amnesty program for offshore tax cheats

Originally published on Mon January 9, 2012 3:02 pm

The Internal Revenue Service is brining back an amnesty program for Americans who have stashed money in offshore accounts in order to dodge taxes. IRS Commissioner Douglas Shulman announced the program's renewal on Monday, saying the tax dodgers would have to pay back taxes and penalties but would not face any criminal charges.

Read more
Budget crisis
4:54 pm
Thu January 5, 2012

Gregoire snubs AG's McKenna, seeks ruling on tax voting

OLYMPIA, Wash. (AP) — Washington Gov. Chris Gregoire is bypassing the attorney general's office and seeking court guidance on the constitutionality of a law limiting tax increases.

Read more
Politics
3:05 pm
Wed December 21, 2011

Oregon's Wealthiest To Get A Tax Cut In January

Originally published on Wed December 21, 2011 2:59 pm

SALEM, Ore. – President Obama and House Republicans continue to spar over whether to extend a soon-to-expire payroll tax cut. But one group of Oregonians will definitely see their taxes go down in January. They’re the wealthiest taxpayers.

When Oregon voters approved Measure 66 nearly two years ago, income taxes immediately rose for the highest tier of earners in the state. But the jump was temporary.

Starting this January 1st, the rate will drop back, though not all the way to pre-Measure 66 levels.

Read more
Economy
8:51 am
Wed December 7, 2011

Many profitable companies, one in NW, pay no state income taxes

Originally published on Wed December 7, 2011 2:57 pm

Dozens of Fortune 500 companies paid no net state income taxes over the past three years, including one in the Pacific Northwest. That's one of the findings of a report issued Wednesday by a liberal think tank.

The report examined federal Securities and Exchange Commission filings from the more than half of Fortune 500 companies that reported profits over the past three years.

Those filings show how much each company paid in state income taxes nationwide. The results varied widely, even among companies in the same industry.

Read more
Business
6:22 pm
Tue September 6, 2011

Update: Starbucks CEO calls for lower corporate tax rate

During his much publicized "town hall" meeting called to criticize Washington D.C. partisanship, Starbucks CEO Howard Schultz also called for a lower corporate tax rate.
Associated Press

Starbucks CEO Howard Schultz is calling for a lower corporate tax rate. Schultz made his comments during a town hall meeting Tuesday night hosted by the anti-partisanship group “No Labels”

Read more
Electric Vehicle Tax
9:20 am
Thu August 25, 2011

Oregon governor continues push for electrical vehicle tax

Oregon Governor John Kitzhaber addresses the Oregon Transportation Commission.
Chris Lehman Northwest News Network

Oregon Governor John Kitzhaber has not given up on the idea of a mileage tax paid by electric vehicle owners. The tax is meant to offset the lack of gas taxes paid by people who drive electric cars.

Read more
Other News
2:23 pm
Fri August 5, 2011

Debate over whether taxes cause migration rages on

The debate continues to rage in Oregon over whether raising taxes on the rich prompts people to leave the state. A new study claims the answer is no. But as Salem Correspondent Chris Lehman reports, the new research doesn't put the controversy over last year's Measure 66 tax hike to bed.

Read more
Washington state legislature
10:58 am
Mon July 25, 2011

Washington's supermajority tax rule target of lawsuit

OLYMPIA, Wash. – A dozen Democratic lawmakers are asking a judge to overturn a voter-approved initiative that requires the Legislature to have a supermajority to raise taxes.

The lawsuit filed Monday is led by the League of Education Voters and the Washington Education Association.

Read more
Tax for Homeless
9:22 am
Wed July 6, 2011

Kitsap considering tax to benefit homeless

Tim Hamilton Flickr

Advocates for the homeless in Kitsap County say there’s not enough money to provide services – so they’re talking about the possibility of a new tax. 

Read more
Tax Day
6:00 am
Fri April 15, 2011

Teen helps taxpayers file returns by extended deadline this year

United Way of King County helps low-income taxpayers file federal returns at locations such as the Seattle Public Library. The IRS extended the deadline to April 18th this year.
United Way of King County

Tax day is later than usual this year. The deadline to file federal returns is Monday, April 18th.

The IRS didn't extend the cutoff just to give procrastinators more time. It did so to allow its employees to observe Emancipation Day, a holiday in Washington, D.C. to honor when Abraham Lincoln signed a law that ended slavery in the District.

A lot of taxpayer still dread filing their returns, even with a few extra days. That’s not the case for one local teenager. She’s the youngest person out of 650 people to volunteer with United Way of King County to help people prepare their taxes. 

Read more
State Budget Crisis
3:07 pm
Wed April 6, 2011

Confidential memo outlines details of state proposal to lease liquor distribution

Washington House Democrats are considering a plan to lease the state's liquor distribution system for $300 million cash up front. But it wouldn't come cheap.

Initially, the deal could cost the state 80 percent of what it currently collects from the wholesale distribution of booze. That's according to a memo marked "highly confidential." It comes from a newly formed company called Washington Beverage and outlines a proposal to take over from the state the distribution of hard liquor throughout Washington.

Read more
Education
11:39 am
Mon March 28, 2011

Seattle's Families and Education Levy expands goals, money requests over the years

Nearly half of the 2011 Families and Education levy proposal focuses on early learning. It would also increases support for elementary school children and college and career preparation.
Seattle Office for Education

As schools and family service providers across the state struggle with budget cuts, taxpayers are being asked to help out more. In Seattle, the city council is gearing up to put the Families and Education Levy back on the ballot. Voters have renewed it every time it’s come up since former Mayor Norm Rice created it in 1990, but some people might not realize how much it’s changed. 

Read more
Nuclear Waste Clean-up
3:04 pm
Wed February 23, 2011

Federal audit: part of Hanford cleanup mishandled

The federal government mishandled the cleanup of the dangerous Hanford K-Basins near the Columbia River. The mistakes cost taxpayers millions of dollars. Those are some of the conclusions of a federal Inspector General report.

Read more
News Roundup
6:57 am
Thu February 10, 2011

Thursday morning's headlines

Making headlines around the Northwest this morning:

  • Business Unemployment Tax Breaks on Horizon
  • Seattle Considers Garbage Collection Reductions
  • UW Accused in Animal Welfare Complaint

 

 

State House OK's Business Tax Cuts, Benefit Boost for Unemployed

Washington businesses will get a break on unemployment taxes in a deal unanimously approved by the House of Representatives on Wednesday. 

Read more

Pages