Washington State's New Income Tax: Fairness or Flight?
Spokane News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Washington State Lawmakers Propose 9.9% Income Tax on Earners Over $1M, Aiming for Fairer Tax System
The Washington state Senate has passed a bill proposing a 9.9% income tax on earnings above $1 million per year, set to begin in 2029. The tax is expected to affect around 30,000 people and generate revenue to ease burdens on lower earners. Democrats are finalizing plans to use the funds for sales tax breaks, small business relief, and public safety funding. However, concerns about top earners moving to lower-tax states and constitutionality issues may lead to legal challenges. The full House vote is expected after March 6, with Republicans vowing to oppose the bill.
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