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Washington

MichMan

(13,739 posts)

1. Is the tax only upon high income workers?

Reply to Yo_Mama_Been_Loggin (Original post)

Wed Jun 26, 2024, 02:23 PM

Jun 2024

The 5% payroll tax on businesses that pay employees more than $1 million annually — including salary, stock options and bonuses — would generate around $53 million a year.

Example; a business with 500 employes in which one of them makes $1 million. Is the 5% payroll tax on just the one employee or does it apply to the entire payroll?

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Social housing backers move to put payroll tax before Seattle voters [View all] Yo_Mama_Been_Loggin Jun 2024 OP

Is the tax only upon high income workers? MichMan Jun 2024 #1