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News
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…...
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…...
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…...
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…...