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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…...
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 The law includes a clause that prevents it from being repealed…...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, 16+ 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…...
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…...
Washington enacts ‘millionaires tax,’ faces swift legal challenge and possible ballot fight
5+ mon, 1+ week ago (638+ words) Washington has approved a new 9.9% tax on income over $1 million, marking the state’s first personal income tax. Opponents plan to challenge the law in court and may push a repeal to voters, arguing it’s unconstitutional. The legal fight is expected…...
Washington becomes latest state to tax millionaires, sparking legal fight
5+ mon, 1+ week ago (39+ words) Washington is one of several Democrat-led states moving to tax high earners. Massachusetts voters passed a 4% surtax on income over $1 million in 2022, which has since collected $6 billion for education and transportation, according to the…...