Moment Photography: Fleeing Washington's High Taxes
Seattle News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Seattle entrepreneur Marc Barros, founder of Moment photography gear business, is relocating to Wyoming due to Washingtons high taxes, including sales tax, property taxes, business and occupation taxes, capital gains, and estate levies. The new digital advertising tax alone costs his company over $200,000 annually. Business owners and lawyers like Joe Wallin worry that the planned income tax in 2029 will push more businesses away, potentially deterring new ventures from setting up in Washington. Meanwhile, big players like Amazon are shifting operations without fully leaving the state, contributing to a record-high office vacancy rate in downtown Seattle.
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