Skip to comments.D.C. panel suggests income tax changes, new per-worker fee for businesses
Posted on 12/18/2013 6:37:54 PM PST by markomalley
A blue-ribbon commission tasked with reviewing the Districts tax structure is recommending that city officials lower income taxes on low- and middle-income residents, broaden the application of sales tax and lower some business taxes but assess employers a new quarterly fee of $25 per worker.
The proposal, a year and a half in the making, will be forwarded to Mayor Vincent C. Gray (D) and District lawmakers next month for possible inclusion in the citys next budget, which will take effect next October.
But it remains unclear how much of an appetite city leaders will have to upend the tax structure, with some already questioning the wisdom of raising the sales tax and assessing employers the latter a measure that would apply to some of the largest nonprofit employers, including hospitals.
The D.C. Tax Revision Commission considered 63 separate recommendations, reviewing academic research and hearing testimony from policy experts. There were sharp debates among panel members about how to balance goals of making the citys tax structure fairer to residents while more competitive with its neighbors.
The options were ultimately whittled to about a dozen ranging from a proposal to add a line on income tax returns for residents to pay sales tax on purchases made out of state (raising an additional $1 million in yearly revenue) to a multifaceted reworking of the Districts individual tax brackets.
(Excerpt) Read more at washingtonpost.com ...
Lunatic Democrats (I guess I repeat myself here)
And when all the businesses move out of DC or cut their workers down to nothing, where will they get the money?
Perverse incentives to reduce employee rolls.
A capitation tax on employment. Yahoo, dude, that’s the ticket. Job creation is job one. Right? Right?
Like Ronald Reagan said, if something moves Liberals tax it, if it keeps moving they regulate it, and if it stops moving they subsidize it.
Here's (IMHO) the outcome:
Liberal elites will be helped.
The permanent poor dependent ones will be helped.
Middle class and businesses classes will be screwed.
Clever little buggers found a way to punish Walmart .. :)
RATS aren't smart enough to understand the business model of a lemonade stand...
Since the Gubmint is the biggest employer in DC, can I assume that the US taxpayer will be footing the $25 for all of those Gubmint employees?
Welcome to the completion of the new class of worker, across the board—the independent contractor.
Have you seen the construction cranes all over the D.C.city skyline? There is so much money pouring in there they probably are eager to see some no count business that would squawk about $100 a year leave town.
They can’t make everyone an independent contractor, the IRS has rules about that.