November 6, 2017
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As most U.S. states eliminate the estate tax, Washington's high rate is an outlier


While states across the country are eliminating their estate taxes, Washington is an outlier with its high estate tax, Opportunity Washington noted last week.

It cited a report from the Pew Charitable Trusts in Stateline: In States, the Estate Tax Nears Extinction, which reports that in 2001, every U.S. state had either an estate or inheritance tax. That year, the federal government eliminated its income tax credit for such payments, so repeals began. By next year, only 17 states will have an estate tax, an inheritance tax or both.

Meanwhile, Washington state is increasingly an outlier. Lawmakers established its highest in the nation 20-percent estate tax in 2005.



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Manufacturing Week Tour


Manufacturing is huge in Washington. Let's celebrate -- and invest in it

By Kate Lampson and Kris Johnson

Manufacturing has a long history in Washington and it has a great story to tell: In Benton County, careers in manufacturing pay an average annual wage of $55,701, $50,575 in Walla Walla County and almost $41,000 in Franklin County. Not bad for jobs that often require no more than a trade certificate or a two-year degree. It also has a multiplier of three -- for every one job created in manufacturing, another three jobs are created elsewhere.

That's a good return on investment, but the sector faces some headwinds.

As manufacturing comes on a national resurgence, Washington's sector has lost about 48,000 jobs since 2000 -- the vast majority of which are non-aerospace jobs.

Clearly, more can be done to support good-paying manufacturing jobs here and across the state.

Read the full column in The Tri-City Herald
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