City of Seattle passes tax for local businesses based on high-earner salaries

City of Seattle passes tax for local businesses based on high-earner salaries(geekwire.com)

3 points by chin7an 5 years ago | 4 comments

They really do think that big businesses are not able to relocate 10 minutes away to a place without this tax.

chin7an 5 years ago | |

Or a business can decide to stay in the city, but work out a way to offset the costs, reducing annual raises or reducing bonuses etc. Hopefully this law does bring in some much needed help for the homeless situation, but looking at other Seattle city council projects, I'm not very positive on that happening.

itg 5 years ago | | |

It’s more complex then that. If you reduce bonuses/raises, then talent will start leaving your company if they can get better offers.