Central Staff Projection of 2021 Revenues - June 16, 2020
Data source: Employment Security Department (ESD): Seattle 2019

Seattle businesses with total payroll above $7 million
$150k to $499.9k
NAICS
92,61
445

Tax Base, Pre-Exemptions
Exempt Categories:
Public Admin,Edu. Services
Food and Beverage Stores
Revised Tax Base (2019 est.)
2021 Estimate
Rate

$500k+

$18,456,684,851

$6,344,012,801

$1,157,585,528
$161,663,651

$18,612,503
$50,435,856

$17,137,435,671
$14,310,787,032

$6,274,964,442
$5,239,971,807

0.7%

1.4%

Total
$24,800,697,651 business > $7m, salary >$150k:ESD

Notes:

$1,176,198,031 92&61: ESD
$212,099,507 Suppressed: Food and Beverage Salaries above $150,000; Derived Estimate 1/
$23,412,400,114
$19,550,758,839 Escalator: CBO - Wage and Salary Growth (Ann./Pessimistic, May forecast)
Total Revenue

Revenue 2/
$ 100,175,509 $
73,359,605 $
173,535,115
________________________________________________________________
1/ Derived as percentage of King County 2018 Annual wages by sector for suppressed business sectors.
2/ Proposal includes higher rates for businesses with Seattle payroll of $1 billion or greater. Data specifically describing business payrolls of $1 billion and above was not provided by ESD due to
confidentiality. This estimate does not include the incremental portion of revenue that may be generated from higher rates applied to businesses with payroll of $1 billion and higher.