The managing director of a local venture capital firm has founded a nonprofit to fund legal challenges against Seattle’s new income tax.
According to Geekwire, Matt McIlwain set up the Opportunity for All Coalition to fight the law that would tax people earning more than $250,000. That means that the first $250,000 a single person makes — $500,000 for a couple filing jointly — is untaxed, but anything beyond that is.
Trump Proof Seattle, the coalition of local groups that proposed and organized in favor of the legislation, knew that it would be subject to legal challenge. In many ways, that was the point — the tax is a test case that could go up before the state’s Supreme Court in the hopes of overturning previous court decisions barring localities from instituting an income tax.
Ashley Archibald is a Staff Reporter covering local government, policy and equity. Have a story idea? She can be can reached at ashleya (at) realchangenews (dot) org. Twitter @AshleyA_RC
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