Seattle Head
Tax |
|
The Seattle city council passed a new tax law that could
affect your business.
|
The city council voted to establish an annual tax of $275
per full time employee on the City’s largest businesses,
those with revenues of more than $20 million
(about 3% of all businesses).
|
The intent of the tax is to fund homeless programs.
|
Only a handful of cities imposes such a tax on businesses
in.
|
The tax could have consequences on job creation in Seattle
such as:
-force employers to adopt automation quicker.
-reducing their workforce.
|
The tax would make it costlier to employ new or low-skill
employees, potentially nudging employers further in the
direction of automation, or into hiring a smaller number of
higher-compensated employees to do work that might otherwise
have been distributed among lower-skill (and lower-wage)
employees.
|
|
Sources:
Seattle City Ordnance CB 119244
|
By Bill
Williams |