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News
DC Council Punts Wealth Tax Debate to the Fall
2+ mon, 6+ day ago (815+ words) The DC Council plans to consider a wealth proceeds tax in September, rather than this summer. by Kennith RaShaun Woods II The fight for a wealth proceeds tax in Washington, DC lives on, at least for now. Instead of floating…...
Washington State’s Income Tax For Millionaires Signed Into Law
5+ mon, 1+ week ago (360+ words) The state of Washington is set to enact a law that will tax income over $1 million, marking a major break from its history of not having income tax and becoming the latest state to implement a so-called millionaires tax. The…...
Entrepreneurs continue exodus as Washington state’s new income tax looms
3+ mon, 4+ week ago (769+ words) (The Center Square) - “Everybody is Washington AI startup entrepreneur Jesse Proudman said in a Thursday interview with The Center Square that he's had enough, and he's not alone. The Venice.ai founder and CTO said he’s looking at potentially Texas,…...
Washington business owners fear socialist ‘millionaires tax’ is driving businesses out — and they’re next
5+ mon, 1+ week ago (1607+ words) Washington shop owners, talk show radio host Arri Hoffman and a local democratic socialist, Rep. Shaun Scott, discuss the impact of the state’s new "millionaires tax" and how socialist economic policy is impacting local business. SEATTLE—Business owners in Washington…...
WA Supreme Court to consider Let's Go Washington lawsuit challenging 'millionaires tax"
5+ mon, 6+ day ago (680+ words) Washington’s Supreme Court has agreed to weigh in on the constitutionality of a portion of the recently passed income tax on high earners, also known as the “millionaires tax.” The law includes a clause that prevents it from being repealed…...
Lawsuit argues Washington’s new 9.9% millionaires tax violates state constitution
5+ mon, 17+ hour ago (279+ words) OLYMPIA, Wash. — The so-called "millionaires tax" is being challenged from several avenues now that it’s signed into law. The law is a 9.9% personal income tax on anyone or household earning more than a million dollars annually, with the first million…...
Washington’s millionaire tax targets the rich with hefty 9.9% hit — but an obscure 1933 Supreme Court ruling could blow the whole thing up
5+ mon, 6+ day ago (665+ words) The state of Washington is steadily progressing toward a millionaire tax after Democratic Governor Bob Ferguson signed Senate Bill 6346 (1) on March 30. The new bill will impose a 9.9% tax on households with an income of over $1 million per year. The law…...
Will Washington's Millionaires' Tax Drive The Rich Out Of The State?
5+ mon, 1+ week ago (450+ words) Washington state made history earlier this week when Gov. Bob Ferguson signed Senate Bill 6346, the Millionaires’ Tax, into law. The bill taxes individual income exceeding $1 million a year. Less than half of one percent of Washingtonians will pay it. In…...
Why Washington small business owners are ‘afraid’ of state’s new ‘millionaires tax’
5+ mon, 1+ week ago (1841+ words) SEATTLE—Business owners in Washington state are worried that the recently passed “millionaires tax” will drive economic activity out—and even target them next. “There’s a lot of fear and trepidation with what’s going on in our government when it…...
The Rise of Socialism: Washington business owners slam new ‘millionaires tax’ | Fox News Video
5+ mon, 1+ week ago (107+ words) The Rise of Socialism: Washington business owners slam new ‘millionaires tax’ Fox News The Rise of Socialism: Washington business owners slam new ‘millionaires tax’ Washington shop owners, talk show radio host Arri Hoffman and a local democratic socialist, Rep. Shaun…...