Numlock News: February 21, 2020 • Crispy, Rainforest, Flu
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By Walt Hickey Estate In 2018, Microsoft co-founder Paul Allen died. Allen’s demise — and his $26 billion fortune — are rumored to be responsible for an unexpected $300 million spike in estate tax revenue announced by the Washington State Economic and Revenue Forecast Council earlier this week. The entire annual budget of the state is $27 billion, so a surprise $300 million surge makes a legitimate dent. Estate tax revenues — $1.4 billion this year, up from less than $1.1 billion last year — are rolled into the state’s trust that funds early childhood education, public school improvements and financial aid. Washington has no income tax, but combine its concentration of technology companies, considerable estate tax, and the inexorable march of time and I think the Evergreen State is going to be just fine.
Numlock News: February 21, 2020 • Crispy, Rainforest, Flu
Numlock News: February 21, 2020 • Crispy…
Numlock News: February 21, 2020 • Crispy, Rainforest, Flu
By Walt Hickey Estate In 2018, Microsoft co-founder Paul Allen died. Allen’s demise — and his $26 billion fortune — are rumored to be responsible for an unexpected $300 million spike in estate tax revenue announced by the Washington State Economic and Revenue Forecast Council earlier this week. The entire annual budget of the state is $27 billion, so a surprise $300 million surge makes a legitimate dent. Estate tax revenues — $1.4 billion this year, up from less than $1.1 billion last year — are rolled into the state’s trust that funds early childhood education, public school improvements and financial aid. Washington has no income tax, but combine its concentration of technology companies, considerable estate tax, and the inexorable march of time and I think the Evergreen State is going to be just fine.