LOCAL LAWMAKER WARNS OF A NEW PAYROLL TAX

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

Check out the perfect mobile app to listen live!

Adblock Detected

We have detected that you are using an adblock in your browser’s plugin to disable advertising from loading on our website.

Your Experience is very important to us, and your Ad Blocker enabled will cause our site not to perform as expected.  Turn off the Ad Blocker or add our site to your exceptions.  After you turn off or add exception please refresh the site or click ok.

Please note: Clicking OK below will NOT disable your ad blocker. You will need to make that change within the ad blocker's settings.