Washington's New Millionaire Tax
Spokane News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Washington Governor Bob Ferguson signs a bill imposing a 9.9% tax on incomes over $1 million, aiming to generate $3.5 billion annually for the state. The revenue will fund various relief programs, with over 40% going back to residents as rebates and tax relief. The bill faces opposition from Republicans and legal challenges, setting the stage for a contentious tax fight.
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