politics5 hours ago
Washington voters face November ballot on 9.9% income tax for high earners
Washington State voters will decide in November whether to keep a new 9.9% income tax on individuals earning over $1 million, a measure expected to raise $3 billion annually. Critics argue the tax is an 'income tax' that could drive out wealthy residents and lead to broader taxation, while supporters call it a targeted 'millionaires tax' necessary to address fiscal shortfalls. Administrative complexities, including potential liabilities for nonresidents and cross-border issues with Oregon, have emerged as key concerns.