Washington passes "millionaires tax" despite concerns of wealth flight - Fox Business
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Washington state passed a "millionaires tax" despite concerns about wealth flight.
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Washington state passed a "millionaires tax" despite warnings that wealthy residents might relocate to avoid the new levy. The tax specifically targets high earners, though the exact rate and income thresholds were not detailed in the available information. Critics argue the measure could prompt an exodus of wealthy taxpayers to states with more favorable tax policies. The legislation moves forward amid ongoing national debates about wealth taxation and state revenue generation strategies.
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WA estate tax: Lawmakers roll back rate increase, fearing wealth exodus - The Seattle Times
What questions do you have about a WA income tax for millionaires? - The Seattle Times
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