In Seattle, tax fairness gets a test run

Tax fairness is something we’re going to be hearing a lot about over the next few months in D.C. It’s even been reported that the president’s senior advisor, Steve Bannon, is considering a plan to raise taxes on the rich. This idea is getting a test run in the other Washington, where Seattle’s city council voted unanimously to create a new income tax on high-earners.

The measure requires residents making more than $250,000 annually, or couples making over $500,000, to pay a 2.25 percent tax on income above those levels.