Results: I-1098 proved so unpopular with Washington’s electorate that the initiative failed to carry even one county. Washington remains one of only seven states in the country to have no income tax after 64.66% of voters opposed the measure. I-1098 supporters poured more than $6 million into efforts to pass the initiative, but only 35.34% of voters were influenced. According to KING 5, a graduated state income tax was enacted by initiative in 1932 with about 70 percent of the vote, but it was eventually thrown out by the Washington Supreme Court. The most recent attempt to amend the constitution for a state income tax came in 1973. Opponents spent barely $5 million of the $6.4 million raised to defeat I-1098, according to the Associated Press.
>> Go To Fact Checking Claims On I-1098
I-1098 would tax adjusted gross income with an excise tax on individuals whose annual income is over $200,000 (and on couples whose annual income is over $400,000). According to the State of Washington Voters’ Pamphlet published by the Office of the Secretary of State, I-1098 would also “reduce state property tax levies, reduce certain business and occupation taxes, and direct any increased revenues to education and health.” I-1098 proposes to reduce tax rates for the middle class and limit an income tax to the wealthiest 3 percent of Washington citizens. State revenues, according to the Washington Office of Financial Management, would increase by about $11 billion over the next five years.
If approved, this measure would impose an excise tax on the receipt of taxable income beginning in 2012. This measure would also increase the credit against the B&O tax to $4,800 a year.
- Washington ranks dead last — 50th of 50 states — in tax fairness. Middle class families pay four times the tax rate of the rich. 1098 restores fairness.
- With the wealthy paying their fair share, 1098 will net $1 billion annually dedicated to funding K-12, college tuition, the Basic Health Plan and long-term care for seniors.
Web site: Yeson1098.com
- Politicians in Olympia need to prioritize spending, not increase taxes.
- Supporters of 1098 claim the revenue will be used for education and health programs, but the truth is the money can be spent by the legislature on anything it wishes. Olympia raids “trust accounts” in the budget all the time.
Web site: Defeat1098.com