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.

It would be the first income tax in Washington, affecting an estimated 20,000 households. Some of the wealthiest are leaving for Florida.

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.

Investment timing, geographic structuring and financing architecture now carry greater tax sensitivity than at any point since 2017.

Washington has moved a step closer to enacting a so-called "millionaire's tax' after the measure was approved by the state House after a more than 24-hour debate. The proposal, which now moves to the ...

Foreign professionals relocating to Thailand often assume their tax obligations are limited to income earned locally. In practice, the first variable determining exposure to Thai personal income tax ...

They can’t fund their policy ambitions without hitting the middle class.

Last year brought a windfall for retail investors as the S&P 500 posted a 16% gain, but now the IRS will be taking its share ...

New draft income tax rules for 2026 are set to change how salaried employees are taxed. Calculations reveal significant potential tax savings under the revised old tax regime. Employees with CTCs of ...

MBA and Freddie Mac data show a persistent 200-basis-point gap between top- and bottom-quintile mortgage lenders, exposing ...

The Schedule 1-A does not differ from the draft version issued last year, but instructions for Form 1040 provide details and ...