Five Years in, New Analysis Ties Seattle’s ‘JumpStart’ Tax to Downtown Decline

'The result of bad policy': Jake, Spike stunned as Seattle's JumpStart tax data rivals post-recession Detroit

Five years of data tracking Seattle’s JumpStart tax have been released, and as a result of several factors, the city has lost roughly 30,000 jobs since 2020 and suffered a 48% drop in the taxable value of office buildings, with a nearly 40% office vacancy rate. Seattle’s JumpStart tax is a tax on the city’s largest employers based on their payroll. A business is only required to pay if its total payroll is more than roughly $9.1 million a year, …

Downtown Seattle Association CEO laments effects of JumpStart payroll taxes

(The Center Square)- An analysis by the Downtown Seattle Association argues that Seattle's payroll tax on major corporations is yielding negative consequences five years after its implementation.

Seattle business group says JumpStart tax is pushing jobs, investment toward Bellevue

Seattle’s payroll tax was created nearly six years ago with a promise to tax the city’s highest-paid workers and use the money to help with economic recovery

Five years in, new analysis ties Seattle’s ‘JumpStart’ tax to downtown decline

Amazon’s headquarters and neighboring towers in downtown Seattle. (GeekWire Photo / Kurt Schlosser) A new Downtown Seattle Association report asserts that Seattle’s signature tax on big employers is backfiring, five years after it went into effect, holding up nearby Bellevue as an example of the jobs and prosperity the city has missed out on in the process. The report, released Monday afternoon, finds that downtown Seattle has lost about 30,000 …

Downtown Seattle Association says business climate is costing jobs, tax revenue

The Downtown Seattle Association warns Seattle's business climate is "losing ground" to Bellevue, citing rising office vacancies and declining office space values.

Downtown Seattle Association Report Blames JumpStart Payroll Tax for Downtown’s Decline as Backers Defend $388MM Revenue Engine

A new Downtown Seattle Association report argues that Seattle’s five-year-old JumpStart payroll tax has helped push jobs, employers and office value across Lake Washington to Bellevue, even as the tax’s authors and the city’s mayor defend it as one of Seattle’s most productive revenue tools. Five years after Seattle imposed its signature tax on the payrolls of its largest employers, the Downtown Seattle Association has released an audit arguing …