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 30, 2026
NYC Comptroller: Pied-à-Terre Tax Could Fall Far Short of $500 Million Goal
Comptroller Mark Levine says the tax, which would place a surcharge on second homes valued at $5 million or more, could yield between $340 million and $380 million, much lower than the $500 million goal set by New York Gov. Kathy Hochul.
Taxes April 27, 2026
Trump’s $10 Billion IRS Suit Hits Snag with Skeptical Judge
A judge questioned whether President Donald Trump’s $10 billion lawsuit against the Internal Revenue Service and the U.S. Treasury can proceed with Trump effectively in control of both sides of the litigation.
Taxes April 27, 2026
California Billionaire Tax Backers Say They Have Enough Signatures—Times Two—to Qualify for Ballot
Supporters of a billionaire tax said April 26 that they had gathered nearly twice as many signatures as necessary to qualify the controversial proposal for the November ballot.
Taxes April 24, 2026
‘Millionaire Tax’ Won’t Be on November Ballot as Illinois Democrats Can’t Come to Agreement
Illinois Democrats failed to advance a proposed constitutional amendment that would have asked voters in November to impose an additional tax on residents who earn more than $1 million a year.
Taxes April 22, 2026
Illinois Democrats Trying to Get ‘Millionaire Tax’ Question on Fall Ballot
The millionaire’s tax is one of two proposed constitutional amendments the Illinois House could take up as soon as this week, ahead of a deadline to place questions on the November ballot.
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 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.