Millionaires Tax
Millionaires Tax
The Millionaires Tax is a tax in Washington state that, starting in 2029, will apply a 9.9% tax on household earnings over $1 million. This policy 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.
Most Recent
Blog Post Historic new policy – now signed into law – has been decades in the making!
Blog Post Washington’s new Millionaires Tax offers big support to people throughout the state
Chart/Graphic New Working Families Tax Credit income limits expand the credit to moderate-income households
Blog Post The Millionaires Tax significantly expands the Working Families Tax Credit
Blog Post The Millionaires Tax has passed in the legislature!
Blog Post House and Senate supplemental budget proposals rely on cuts and budget maneuvers
Blog Post Millionaires Tax must address the affordability crisis for everyday people
Video/Webinar Testimony | Supporting SB 6346 to establish a millionaires tax