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Dave Ross

Magic Formula Cuts Sales Tax!

The state portion of the sales tax is now 6.5%, but the legislature could cut it to 4.2% without bankrupting the state. All it takes is to get rid of all the exemptions — transactions that are exempt from the sales tax just because… they are.

The Washington State Budget and Policy Center provides this chart:

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Option 3 shows what the state sales tax could be if services were taxed and subsidies removed. Not rocket science. But it would require some serious political magic.

Dave Ross on KIRO Radio 97.3 FM

  • Tune in to KIRO Radio weekdays at 5am for Dave Ross on Seattle's Morning News.

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