Washington State Proposes Millionaire Tax
US News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Washington state lawmakers propose a 9.9% income tax on earnings over $1 million, aiming to fund schools, healthcare, housing, and working families. This move aligns with a national trend of taxing the super-rich, as seen in Californias Billionaire Tax Act. Critics fear it may drive wealthy individuals to low-tax states like Florida and Texas, while supporters argue it will only impact a small percentage of residents and generate significant revenue.
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