Washington passes millionaires tax
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A new tax on personal income above $1 million a year has officially cleared all legislative hurdles in the state Capitol, marking the most significant shift in state tax policy in
"Not since 1932... has the Evergreen State come so close to bringing more balance to its tax system," according to the Institute on Taxation and Economic Policy
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.
A controversial proposal known as the "millionaires tax" is nearing the finish line in Olympia after more than 24 hours of heated debate on the House floor.
Howard Schultz said he and his wife will move to Florida as Washington weighs a roughly 10% annual tax on earnings over $1 million.
OLYMPIA, Wash. — The income tax bill dubbed the “millionaires tax” is heading to Gov. Bob Ferguson's desk after receiving Senate confirmation on Wednesday. The bill survived a last-minute challenge in the Senate Wednesday evening. Republicans filed a ...