CENTRALIA – A new Washington State payroll tax goes into effect next year. Adopted by the State Legislature the tax is 58 cents on every $100 you earn to go into future long term care. State Representative Peter Abbarno of Centralia say while it sounds like a good idea its bad policy.  Abbarno says, “there is no limit to the amount you can invest, however the is a limit as to how much you can get out of this.” Payout benefits are limited to $100 a day or $36,500 for life. Abbarno says the program is flawed with the payment being much lower than what you could get out of a private plan and it’s lack of portability. Anyone on an employers’ payroll will see the deduction come January. You can opt-out by November 1st through a private insurance policy, but that policy must be approved by the state. Learn more at http://www.wacaresfund.wa.gov/ or https://www.natlawreview.com/article/new-washington-payroll-tax-to-pay-free-long-term-care-benefits-state

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