Anonymous22 days ago
Washington state's legislature has passed its first-ever income tax — a 9.9% levy on household income exceeding $1 million — after a record-breaking 25-hour House floor debate and a party-line Senate vote. The "Millionaires Tax" (SB 6346), which Governor Bob Ferguson has pledged to sign, would generate an estimated $3.7 billion annually starting in 2029, ending a 93-year tradition of no income taxation, but faces immediate legal challenges based on a 1933 state Supreme Court precedent and voter-approved Initiative 2111.