By unanimous vote, the Seattle City Council has now enacted an Income Tax ordinance imposing a tax on "high income residents,” i.e,  those whose annual incomes exceed $250,000 ($500,000 for joint filers). The new legislation is largely the work of Councilwoman Kshama Sawant, an unabashed leftist and redistributionist who was elected on the Socialist Alternative party ticket, and who was a moving force behind Seattle's ill-advised $15 per hour minimum wage. [Kshama immigrated from India to the United States, ostensibly to improve her economic situation.  She went on to further her education, submitting her PhD dissertation in 2009. It is certainly fair to ask how this venture was underwritten.] Kshama is only accepting $40,000 of her $117,000 annual salary, declaring that figure as "roughly the full-time take-home pay of a Seattleite." After paying taxes, the remainder of my salary will go to a Solidarity Fund to help build social...(Read Full Article)