US EditionWashington state lawmakers pass high-income earners tax
The tax targets households earning above $1 million, expected to raise $3 to $4 billion annually for affordability and public services, marking Washington's first broad income tax.
- On Wednesday, the Washington State Senate passed the bill 27 to 21, sending it to Gov. Bob Ferguson, who has said he will sign before March 12.
- House lawmakers debated for over 24 hours Tuesday, with Republicans filing dozens of amendments, before clearing the bill, while Senate procedures limited remarks to House changes.
- Supporters estimate Senate Bill 6346 would affect roughly 30,000 households and generate about $3 billion annually, taxing only income above $1 million at 9.9%.
- Supporters say the law would generate about $3 billion, expand the Working Families Tax Credit, and provide free meals for K–12 students, with legal challenges expected.
- As a precedent, the measure stands out because critics warned it could open the door to broader income taxes and questioned constitutionality, with Rep. April Berg saying, 'This is a 100-year change to our tax code and it's much needed.
46 Articles
46 Articles
'Millionaires tax' on earnings over $1M passes in Washington
OLYMPIA, Wash. (KTAL/KMSS) - Washington state lawmakers have passed a "millionaires tax" that would levy a 9.9% income tax on households making more than $1 million annually. The historic bill marks a first for Washington, one of nine states without an income tax. Set to take effect in 2028, revenue generated from the new taxes [...]
Washington state chases away the rich with a new 'millionaire tax'
Washington state has decided to go full steam ahead with a “millionaire tax.” The effects are already starting to show. Washington legislators have passed a proposed millionaire tax, sending it to the desk of Gov. Bob Ferguson (D-WA), who has said he will sign it. Democrats hope the state Supreme Court will allow the tax to stand, striking down a 1933 decision that prevented such taxes targeted at certain earners. This new proposed tax would be …
Washington passes "millionaires tax" despite concerns of wealth flight
Washington state lawmakers on Wednesday passed a so-called "millionaires tax," a move criticism said could lead to an exodus of high-income earners.The State Senate passed the measure with a day left in the 2026 legislative session, following a hotly contested 24-hour marathon in the State House. The bill would impose a 9.9% tax on income over $1 million for individuals or couples in a household.The funds generated from the tax would address the…
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