Millionaire Tax Advances in Washington State
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Schneider talks about the controversial new Washington law and how it impacts the Seahawks
Washington state’s millionaires face income levy in global test case Washington state has approved its first ‘millionaires tax’, imposing a 9.9 per cent levy on income above $1 million
On the last day of the legislative session, Washington lawmakers approved an expedited measure intended to soften last year's sharp increase in the state's top estate tax rates.
Washington state lawmakers had been debating a proposed “millionaire’s tax” for 23 hours straight when Starbucks Corp. founder Howard Schultz said he was leaving the state to move to Miami.
Howard Schultz said he and his wife will move to Florida as Washington weighs a roughly 10% annual tax on earnings over $1 million.
Gov. Ferguson had previously wavered on his support in the bill’s earlier form, saying the legislation did not include enough to support working families as written.