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
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
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
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
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 February 19, 2026
Sen. Bernie Sanders on Wednesday formally kicked off the campaign to place a billionaires tax on the November ballot, framing the proposal as something larger than a debate about economic and tax policy.
Taxes February 18, 2026
Rep. Kevin Kiley says he will introduce the "Keep Jobs in California Act of 2026" on Friday. The measure would prohibit any state from levying taxes retroactively on individuals who no longer live there.
Taxes February 18, 2026
The proposed 9.5% hike, which New York City Mayor Zohran Mamdani framed as the city’s nuclear option to close a $5.4 billion budget gap, would be the first of its kind since 2003.