KirkRichards

Active since August 2010

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KirkRichards's comments

Bad ideas whose time has come

Posted Sat, Oct 2, 1:50 p.m.

Raising property tax is a much better way to tax wealth than this half-baked income tax. Do you realize under 1098 you can't deduct medical expenses or charitable contributions? What if someone has to sell assets to pay huge medical bills? This needs more thought.

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Why I-1098 would be very bad news for Washington state

Posted Sat, Sep 25, 7:34 a.m.

Businesses cannot use carryforward and carryback to "smooth out" their income. Those terms apply only to a year in which a business loses money. So if a business makes $800,000 one year and loses $300,000 the next (perhaps from investing in new employees) the business could not get the 5%/9% ...

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Would a state income tax harm the economy? Far from proven.

Posted Wed, Aug 25, 5:55 a.m.

Nice analysis. One more point about Washington's "regressive" tax structure. Calling it that is sheer demagoguery. The largest tax by far is the Federal Income Tax, which is progressive, and most of which goes back to the state. Looking only at the additional state taxes in a vacuum is deceptive. ...

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