Seattle Approves New Income Tax for Wealthy Residents

Seattle (AP) -- Seattle's wealthiest would become the only Washington state residents to pay an income tax under legislation approved by the City Council, a measure designed as much to raise revenue as to open a broader discussion about whether the wealthy pay their fair share.

The council voted unanimously Monday to impose a 2.25 percent tax on the city's highest earners. Personal income in excess of $250,000 for individuals and in excess of $500,000 for married couples filing joint returns would be taxed.