The Millionaires Tax is a new tax in Washington state that, starting in 2029, will apply a 9.9% tax on household earnings over $1 million. Funding from this tax will provide, among other things:

• A big expansion of the Working Families Tax Credit – our state tax credit that provides an annual cash boost to households who most need it – that broadens eligibility.
• A sales tax exemption on household items like hygiene products, over-the-counter medicine, and diapers.
• Broad support for K-12 schools, healthcare, higher education, and other essential human services.
• The biggest tax break for small businesses in our state’s history.

The Millionaires Tax will make progress toward addressing our state’s inequitable tax code where the ultra-wealthy get a special deal at the expense of everyone else. Fewer than 1% of the wealthiest people in this state will pay it, and it is estimated to bring in more than $3 billion per year to our state budget. The maps below provide a breakdown of the legislative districts where those payers live and how much they make on average – as well as the median household income in each district.