wealth tax

Taxes March 26, 2026 

Two new studies come to vastly different conclusions on the proposed 5% one-time tax on California's billionaires.

Taxes March 19, 2026 

A survey conducted by UC Berkeley and co-sponsored by the Los Angeles Times showed 52% of registered voters supported the billionaire's tax, while 33% said they opposed it. Fifteen percent were undecided.

Taxes March 13, 2026 

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 

"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 

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 

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 

California voters are being urged to put a poison-pill effort on the November ballot that would nullify a controversial proposed tax on the state's billionaires.

Taxes March 11, 2026 

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 

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 

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.

Taxes March 6, 2026 

Washington’s proposed new income tax for people earning more than $1 million a year appears headed for passage, with Gov. Bob Ferguson saying he’ll sign the latest version of the measure proposed by legislative Democrats.

Taxes March 4, 2026 

A new bill introduced in Congress would provide direct payments of $3,000 to millions of Americans. The payments would be funded through an extra tax on some of the country’s wealthiest people.