[Vision2020] Washington state taxation policies

[Kenneth Marcy]

 From an e-mail message titled The Most Tax-Friendly States For 
Business, 24/7 Wall St. has the following to say about the state just 
west of many of this lists readers:

*6. Washington*
*> Taxes collected per capita:* $2,566 (19th highest)
*> Unemployment: *7.5% (20th highest)
*> Corporate taxes collected per capita: *0 (the lowest)
*> Sales tax rate: 6.5% *(10th highest)

Washington ranked high on the list largely because it doesn't have any 
individual income tax. The state's other tax policies generally received 
mediocre ratings, with its sales tax policy rated the third worst in the 
nation by the Tax Foundation. As of January, the state's sales tax rate 
was 6.5%, 10th highest in the nation. And when including the average 
local sales tax paid, the state has the fourth-highest sales tax, at 
8.86%. Other policies, such as high excise taxes on different products, 
also lowered its rank. The state had the fifth-highest excise tax on 
cigarettes in January at $3.03 a pack. Because of these policies, 
Washington was named by the Institute on Taxation and Economic Policy as 
having the most regressive state tax structure in the nation --- meaning 
the poor pay far more of their income than the wealthy.

Here is a link to the article if you'd like to read about the other 
states on the list:

*http://tinyurl.com/bohpt67


Ken
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