Taxes March 26, 2026
Will California’s Billionaire Tax Pay Off? New Studies Sharply Disagree
Two new studies come to vastly different conclusions on the proposed 5% one-time tax on California's billionaires.
Taxes March 19, 2026
California’s Proposed Billionaire Tax Gains Majority Support in New Poll
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
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
Poison-Pill Effort to Cancel Proposed California Billionaire Tax Hits Voters’ Mailboxes
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
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
Which States Tax the Rich at the Highest Level?
Stacker, a website specializing in publishing data, found that the American elite—the top 1%—pay, on average, roughly 37% of overall income taxes and earn 19.5% of salaries nationwide.
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 10, 2026
New York Lawmakers Propose Boosting Taxes on the Rich, Challenging Hochul and Aligning with Mamdani
A budget battle is unfolding in Albany as state lawmakers in their budget proposals unveiled a push for tax hikes on both wealthy individuals and corporations to supply New York City with more money.
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.