Kent’s B&O tax is bad for business. As a business owner in Kent I have heard from many of our customers, who are business owners themselves, comment on Kent’s B&O tax.
The conclusion? Many are moving their businesses to other valley cities (i.e. Sumner, Auburn, Puyallup) when their current lease is up. Most of these businesses are large warehouses who are being hit especially hard.
In this economic climate with rent going up, taxes climbing, high employee expenses for the employer, this will most likely be the final nail in the coffin for these businesses to remain in Kent.
It’s easy to come up with creative taxes that may produce short-term gains for the city. For the long-range outlook, the most likely scenario will be that Kent will actually lose revenue from this unfair tax.
It’s bad enough that Washington state already has a B&O tax that has been proven to be bad for business. We business owners have enough to worry about already in this economy, and now we have to worry about this.
– Robert Albrecht
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