August 31, 2010 at 6:36 am
#700901
pmichael
Member
Hi Julie,
You are right, the tax would be $60,000 on a million and $150,000 on 2 million. Something I’m personally not willing to pay for a variety of reasons so I will be forced to establish residency back where I’m originally from (Austin, TX) to comply with the new law. I hate to leave Seattle, but I also like Austin. Again this is my personal choice as well as my other partners’; I bet most people won’t make a drastic change like me. But I bet it will discourage future entrepreneurs from choosing WA.
I’m not here to change opinions because I know I won’t and frankly don’t have time. Somebody simply asked for a concrete example of how it will harm my business (I believe you originally asked).