Washington passes millionaires tax
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Washington state lawmakers on Wednesday after a marathon debate voted to approve a high-income earners tax on personal earnings over $1 million. The 9.9 percent annual tax on high-income earners is expected to generate up to $4 billion annually.
The longest floor session in Washington state legislative history continued late Tuesday afternoon as members of the House of Representatives debated amendments to a
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 nearly 100 years.
Washington lawmakers made history this session by passing the state's first-ever income tax, capping off a legislative session marked by marathon debates.