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An individual's tax liability depends upon two variables: the individual's filing status and the taxable income. [16] The status can determine the correct amount of tax, whether the taxpayer can take certain tax deductions or exemptions that could lower the final tax bill, and even whether one must file a return at all. [17]
(The Center Square) – The Seattle City Council has approved the continuing use of its payroll tax toward its general fund despite opposition from residents and local organizations. The approved ...
[20] [21] In July 2017, the Seattle City Council approved an income tax on Seattle residents, making the city the only one in the state with an income tax, [22] but it was ruled unconstitutional by the King County Superior Court. [23] The Court of Appeals upheld that ruling [24] and the Washington Supreme Court declined to hear the case. [25]
The Seattle City Council voted 9–0 to pass the employee hours tax in May 2018, but repealed it a month later in a 7–2 vote. The Seattle head tax, officially the employee hours tax (EHT), was a proposed head tax to be levied on large employers in Seattle, Washington, United States.
Seattle City Councilmember Cathy Moore is proposing a local 2% capital gains excise tax that would be applicable to non-retirement financial gains over $250,000. ... If the tax is approved ...
(The Center Square) – The Seattle City Council has rejected a proposed local capital gains tax, but the bill could be brought back as soon as early next year. Council Bill 120908 would have ...
Out of the 816, 163 paid 85.7% of the state capital gains tax. Seattle City Councilmember Cathy Moore is the prime sponsor of the capital gains tax bill. She said her office received messages from ...
The standard deduction varies according to filing status. In the United States, the standard deduction is higher for older taxpayers (65 and above). If the taxpayer chooses to itemize, such deductions are recorded on Schedule A. Itemized deductions should be supported by documentation which the taxpayer retains after filing the tax return. [14]