Taxes May 1, 2026
Millionaire Taxes Gain Steam as States Face Budget Crunches
Lawmakers in at least a dozen states have proposed hiking taxes on the wealthy.
Taxes April 9, 2026
Opponents File Lawsuit to Block Washington’s New ‘Millionaires Tax’
The lawsuit was filed on behalf of several business owners and organizations represented by former Washington Attorney General Rob McKenna and former state Supreme Court Justice Phil Talmadge.
Taxes April 7, 2026
Renowned Travel Writer Rick Steves Weighs in on Washington ‘Millionaires Tax’
In a post on Facebook, Steves, who’s built a travel empire that includes a PBS series and guidebooks on European travel, said the high-earners income tax would make way for “shared prosperity.”
Taxes March 31, 2026
Washington Governor Signs High-Earners Income Tax; Challenges Expected
Washington Gov. Bob Ferguson signed a high-earners income tax, dubbed the “millionaires tax” by supporters, into law Monday morning, enacting a 9.9% levy on earnings of more than $1 million.
Taxes March 31, 2026
Ex-Washington Attorney General to Spearhead Lawsuit Against ‘Millionaires Tax’
The Citizen Action Defense Fund retained Rob McKenna to lead the anticipated legal push challenging the constitutionality of the state's income tax on high earners.
Taxes March 13, 2026
Seattle Seahawks GM John Schneider Says ‘Millionaires Tax’ Will ‘Sting’ for Signing Players
The tax could come into play on any free agent contract the Seahawks sign since the NFL minimum salary in 2026 for any player who has played one season is set at $1.005 million.
Taxes March 13, 2026
Washington Business Groups Worry About How ‘Millionaires Tax’ Could Affect Competitiveness
"Policies that layer on additional taxes make Washington less competitive to neighboring states, at a time when employers have many choices about where to invest and create jobs," said Alisha Benson, CEO of Greater Spokane Inc.
Taxes March 12, 2026
Washington State ‘Millionaires Tax’ Passes Senate, Gov. Ferguson Expected to Sign Into Law
The bill imposes a 9.9% tax on income of over $1 million a year, with the first payments due in 2029. It would raise an estimated $3 billion to $4 billion annually, helping to fund schools and other state services.
Taxes March 12, 2026
After Washington ‘Millionaires Tax’ Vote, Former Starbucks CEO Announced He’s Moved From Seattle to Miami
Billionaire Howard Schultz alluded to the business environment in Washington state, where a measure that’s been dubbed a “millionaires tax” came closer to final legislative approval this week.
Taxes March 11, 2026
Washington State ‘Millionaires Tax’ Clears House After 24-Hour Debate
After a debate that stretched more than 24 hours, the Washington House of Representatives on Tuesday approved a state income tax on people earning more than $1 million a year, setting up a final vote in the Senate as early as Wednesday.
Taxes March 10, 2026
Could Washington State ‘Millionaires Tax’ Lead to Capital Flight?
Tax them, and they will flee. That’s the idea behind capital flight, an economic term used by tax critics to describe an exodus of wealth and investments because of higher taxes or cost of doing business.
Taxes March 9, 2026
Washington State’s ‘Millionaires Tax’ Proposal Haunted by 1933 Court Decision
The Washington State Supreme Court's 1933 Culliton v. Chase decision spawned Washington's often-criticized tax structure, which relies heavily on sales and business taxes.