economics

The debate about increasing taxes on high-income people rages on in both Washington D.C and Washington State. Here in the state, there's an initiative on the ballot that proposes an income tax on people earning more than $200K (or $400K for joint filers). Meanwhile Congress can't seem to extend the Bush tax cuts for over 97% of the population, because a certain party wants it extended to the 2% of the country that earns more than $250K.

And the single reason I hear for not enacting these taxes? "Because you're taxing the people who create jobs!"

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Today, in the Washington State legislature, the House and the Senate are reconciling their two different bills to balance the State budget. Both involve significant tax changes, and there are different ramifications for software depending on which goes through.