Taxes April 21, 2026
Here’s How Maine’s New Millionaire Tax Will Work
Starting next year, Maine will put a 2% tax on income over $1 million for single filers and $1.5 million for joint filers. It's expected to generate $74 million per year.
Taxes April 14, 2026
Number of Millionaire Taxpayers Jumped in New York in 2024
Millionaires accounted for fewer than 1% of all taxpayers in New York in 2024, according to the state. But they paid more than 44% of all personal income taxes.
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 April 3, 2026
Maine Democrats Tack Millionaire Tax Onto Governor’s Final Spending Plan
Democrats on the Maine Legislature's budget panel moved late Tuesday to add a millionaire tax to Gov. Janet Mills' spending plan over Republican opposition.
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 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.