Back to today’s briefing

Story perspectives

Seattle Approves 5% Tax on Million-Dollar Salaries for Affordable Housing

7/9/2025

42 4

Summary

Story summary

In February 2025, Seattle voters took a bold step by approving a 5% payroll tax on salaries exceeding $1 million. This groundbreaking move aims to finance Seattle Social Housing, providing a lifeline of permanently affordable homes during a pressing housing crisis. Inspired by successful models like Vienna, this initiative seeks to transform the city's housing landscape and tackle systemic inequalities.

1 of 1

Story summary

In February 2025, Seattle voters took a bold step by approving a 5% payroll tax on salaries exceeding $1 million. This groundbreaking move aims to finance Seattle Social Housing, providing a lifeline of permanently affordable homes during a pressing housing crisis. Inspired by successful models like Vienna, this initiative seeks to transform the city's housing landscape and tackle systemic inequalities.