Taxes February 17, 2026
The legislation, which now heads to the state's House for consideration, would levy a 9.9% tax on earnings over $1 million a year, and is estimated to bring in about $3.5 billion annually.
Taxes February 16, 2026
The city’s new social housing tax, levied on lofty pay packages to pay for public housing, was due Jan. 31. The startling news was that it blew the projections out of the water.
Taxes February 10, 2026
A proposed Washington income tax on people earning more than $1 million has cleared its first legislative hurdle, with the Senate Ways and Means Committee passing the plan Monday—with some tweaks.
Taxes February 3, 2026
In a long-anticipated bill, which is getting formally introduced this week, legislative Democrats are proposing a 9.9% tax on annual earnings of more than $1 million starting in 2028.
Taxes January 14, 2026
Sixty-one percent of Washingtonians back the idea of a 9.9% tax on incomes greater than $1 million, versus just 29% opposed, according to a poll from Northwest-based DHM Research.
Taxes December 26, 2025
Gov. Bob Ferguson said Dec. 23 the proposal would be tied to reducing sales taxes on baby and hygiene items, expanding the working families tax credit, increasing K-12 school funding, and lowering the key tax rate for small businesses.
Taxes December 17, 2025
An obstacle to New York City Mayor-elect Zohran Mamdani’s plan to expand free child care is its reliance on lawmakers in Albany and tax revenue from wealthy New Yorkers, though a new survey indicated broad support for that approach.
Taxes August 11, 2025
Massachusetts collected $43.7 billion in the budget year that ended on June 30, driven by healthy collections from the state’s Millionaire’s Tax and a new capital gains tax, state data show.