SEATTLE (AP) — Outgoing Washington Gov. Jay Inslee is proposing a novel tax on personal wealth above $100 million in hopes of plugging a budget shortfall and averting cuts to education, mental health services and police. The tax would apply to about 3,400 residents — Microsoft founder Bill Gates among them — and bring in $10.3 billion over four years, Inslee, a Democrat, said Tuesday. No other states — and only a few countries — have taxes struc…

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Outgoing Washington governor suggests 'wealth tax' to avoid cuts to education and police

Outgoing Washington Gov. Jay Inslee is proposing a novel tax on wealth above $100 million in hopes of plugging a budget shortfall and averting cuts to education, mental health services

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Associated Press SEATTLE (AP) — Outgoing Washington Gov. Jay Inslee is proposing a tax on wealth above $100 million in hopes of plugging a budget shortfall and averting cuts to education, mental health services and police. The Democrat said Monday that the tax would apply to about 3,400 residents — including Microsoft founder Bill Gates — and bring in $10.3 billion over four years. His successor as governor, Democrat Bob Ferguson, did not immedi…

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(The Center Square) – When Gov. Jay Inslee took office in 2013 after stating in the 2012 election race that new taxes weren’t “the right direction,” the state Legislature approved a $38.4 billion budget for the biennium. With less than a month before stepping down from office, Inslee is proposing a $78.8 billion operating budget that comes with $4 billion in new taxes to fund it, including a wealth tax. The approach is in contrast with how the L…

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Inslee proposes billions in new taxes on way out of office - Washington Examiner

Washington Gov. Jay Inslee, in his final budget proposal before leaving office in January, proposed a first-in-the-nation statewide wealth tax intended to bolster revenue amid a significant budget shortfall.
Announced on Dec. 17, the proposed 1 percent wealth tax would apply to residents with worldwide net worth exceeding $100 million. This approach marks the first time any U.S. state has sought to levy a tax specifically targeting the richest f…

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Washington Gov. Proposes 1 Percent Wealth Tax to Address State Budget Gap

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Outgoing Washington governor suggests ‘wealth tax’ to avoid cuts to education and police

SEATTLE (AP) — Outgoing Washington Gov. Jay Inslee is proposing a tax on wealth above $100 million in hopes of plugging a budget shortfall and averting cuts to education, mental health services and police. The tax would apply to about 3,400 residents — Microsoft founder Bill Gates among them — and bring in $10.3 billion over four years, Inslee, a Democrat, said Monday. His successor as governor, Democrat Bob Ferguson, did not immediately respond…

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SEATTLE — Outgoing Washington Gov. Jay Inslee is proposing a tax on personal wealth above $100 million in hopes of plugging a budget shortfall and averting cuts to education, mental health services and police.

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Washington Gov. Inslee suggests ‘wealth tax’ to help close budget gap

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WEALTH TAX: Governor Jay Inslee Just Guaranteed EVERY Rich Washingtonian Will FLEE His Tax-Happy State

Outgoing Washington governor suggests ‘wealth tax’ to avoid cuts to education and police

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