@brycegreenleaf: 💰 A new report says it can cost $10,000–$30,000 MORE per engineer, per year to base a tech job in Seattle instead of Bellevue. The analysis from economic research firm Formation puts a dollar figure on the tax differences between the two cities, and argues that those costs are influencing where companies choose to locate employees. Here are the details:
• 💻 The report estimates a $10K–$30K annual tax gap per engineer between Seattle and Bellevue.
• 💰 Seattle’s JumpStart payroll tax is identified as one factor contributing to the difference.
• 🌆 The report argues these costs are helping push more tech jobs and office investment toward the Eastside.
• 🏢 Amazon has continued reducing portions of its Seattle office footprint while maintaining a major presence in Bellevue.
• 🤖 Companies including Goldman Sachs and OpenAI have also established engineering operations in Bellevue.
• 🌉 The broader trend is adding to the debate over Seattle’s competitiveness with its neighbor across Lake Washington. When you’re talking about companies employing thousands of high-paid engineers, even a five-figure difference per employee can add up quickly. Do you think Bellevue will continue gaining tech jobs at Seattle’s expense? 👇 🏡 Have real estate questions, or looking to buy or sell a home in Seattle or the outlying suburbs? 😃 I’m happy to help! I’ve been a licensed Realtor for 10 years now and love helping people make the move in and around the Seattle metropolitan area. 👆 Feel free to click the link in my bio to get started.

tanyag1973 :

The reason Seattle is overpriced is because of these tech companies

Joshua Grass :

Everyone has known this for years. Basically it’s as simple as this: if you hire an employee on the East side you get their parking for free, in Seattle you need to pay for their parking.

thedudeis42 :

amazon's big real estate move was over 10 years ago, they can't get more land in Seattle because they bought all the cheapest that was available in the areas they wanted

Ghost Black 👻 :

All they have to do a foot there fair share of taxes bruh...Companies that make billions, there share holders making billions and millions... bruh.

Ryan :

It’s because the cost of living and quality of companies differs

Bleh :

Byyyye

Dogman :

With this existing state government, most of the tech jobs will be shipped clean out of the state.

bingo :

And my co just reupped us in Seattle. And we're moving to a better building up the street next summer. I just keep asking myself Why??

brian :

The towns blow.

Scroller’s Thumb :

It’s not entirely a bad thing.

KDal :

ouch

CnSeattle :

Duh

ballistic karen :

it costs more to maintain and build infrastructure to house more people. there r more ppl in seattle. our taxes could be used towards affordable housing for all tho!!! and better public transportation

Hgcgg :

Wow it’s almost like the people who said that too many taxes would drive jobs and revenue out of the city were right all along. Will progressives learn anything from this? Nope.

Terminello John Dant :

Karen Arnold :

DemocRATS

JH :

Does the report talk about how unsafe downtown is or how they continue to remove car lanes to pile on more congestion and stress?

Ekimerton :

Yeah it also costs more to hire in NYC vs middle of nowhere Idaho. Think about why that might be

Karen Arnold :

Seattle is a shit show…literally!