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Washington state, once famous for having 0 income tax, passes 10% income tax on 1m+

Posted on 3/11/26 at 2:43 pm
Posted by HailHailtoMichigan!
Mission Viejo, CA
Member since Mar 2012
73792 posts
Posted on 3/11/26 at 2:43 pm
My hunch is that this will cause significant capital and tax flight



I don’t get it.

Washington, especially seattle, is known for its commerce and innovation. The state is high on annual rankings. Why throw a wrench into something that works?
Posted by gmac8604
Green Bay, WI
Member since Jun 2012
1347 posts
Posted on 3/11/26 at 2:47 pm to
quote:

Why throw a wrench into something that works?


Greed.
This post was edited on 3/11/26 at 2:48 pm
Posted by nicholastiger
Member since Jan 2004
55128 posts
Posted on 3/11/26 at 2:49 pm to
all the famous people gonna move from these democratic led states
come on, put your $ where your mouth is
Posted by jmarto1
Houma, LA/ Las Vegas, NV
Member since Mar 2008
38473 posts
Posted on 3/11/26 at 2:50 pm to
Some kind of tax on them moving here would be nice
Posted by Loup
Ferriday
Member since Apr 2019
16356 posts
Posted on 3/11/26 at 2:51 pm to
poor people think that they are poor because other people are wealthy

the tax is punitive.
This post was edited on 3/12/26 at 7:08 am
Posted by bad93ex
Walnut Cove
Member since Sep 2018
35473 posts
Posted on 3/11/26 at 2:52 pm to
quote:

This will obviously eventually extend beyond millionaires.


They all know this

Curious as to the figures they put for expected revenue for this new tax.
This post was edited on 3/11/26 at 2:54 pm
Posted by GBPackTigers
Louisiana
Member since Sep 2009
1590 posts
Posted on 3/11/26 at 2:52 pm to
quote:


Washington, especially seattle, is known for its commerce and innovation. The state is high on annual rankings. Why throw a wrench into something that works?


Because the lawyers and politicians use our taxes as their personal piggy bank. They all think that once they get in office, this is how THEY become rich.
Posted by SpqrTiger
Baton Rouge
Member since Aug 2004
9677 posts
Posted on 3/11/26 at 2:53 pm to
The Seahawks, Kraken, and Mariners won’t be happy about this.
Posted by Shexter
Prairieville
Member since Feb 2014
20000 posts
Posted on 3/11/26 at 2:55 pm to
quote:

Incomes over $1M/year will be taxed at 9.9%.


Wish they'd do this in Colorado leading to a mass exodus. The locals can't even afford to live there.
Posted by boxcarbarney
Above all things, be a man
Member since Jul 2007
26163 posts
Posted on 3/11/26 at 3:00 pm to
They'll piss that money away on liberal pet projects that don't actually do anything.
Posted by Hickok
Htown
Member since Jan 2013
2968 posts
Posted on 3/11/26 at 3:00 pm to
Old starbucks CEO is out
Well that didn’t take long
Posted by bad93ex
Walnut Cove
Member since Sep 2018
35473 posts
Posted on 3/11/26 at 3:01 pm to
quote:

They'll pcket that money on liberal pet projects that don't actually do anything.



Posted by LSUballs
RayVegas LA
Member since Feb 2008
40185 posts
Posted on 3/11/26 at 3:01 pm to
Washington State, that is
Space Needle
Eddie Vedder
Ichirooooooo Suzuki
Posted by SCLibertarian
Conway, South Carolina
Member since Aug 2013
41666 posts
Posted on 3/11/26 at 3:02 pm to
quote:

Eddie Vedder

Would support this while quietly moving out to not pay taxes.
Posted by Fat and Happy
Baton Rouge
Member since Jan 2013
19724 posts
Posted on 3/11/26 at 3:04 pm to
Because the folks that are for this have this mindset that they got the rich folks and they gonna finally pay way more now.

Except, the businesses, will leave Seattle and this won’t help Seattle at all
Posted by lsuson
Metairie
Member since Oct 2013
15171 posts
Posted on 3/11/26 at 3:04 pm to
How else are they going to pay for their socialist programs?!?
Posted by CatfishJohn
Member since Jun 2020
19529 posts
Posted on 3/11/26 at 3:04 pm to
quote:

They'll piss that money away on liberal pet projects that don't actually do anything.


New $100m fund to support LGBTQ+ cats and dogs
Posted by Pezzo
Member since Aug 2020
2960 posts
Posted on 3/11/26 at 3:05 pm to
if you move to our state and vote democrat within the first 25 years then you will be taxed with interest up to 12% of each years annual income in those 25 years.
Posted by CatfishJohn
Member since Jun 2020
19529 posts
Posted on 3/11/26 at 3:07 pm to
The married thing is a pretty big caveat.

A single person making over $1m is much different than filing jointly for $1m. That's a pretty low damn bar for married couples if this is being framed as tax on the super wealthy.

ETA:

Unless I'm misreading.
This post was edited on 3/11/26 at 3:11 pm
Posted by jclem11
Chief Nihilist
Member since Nov 2011
9692 posts
Posted on 3/11/26 at 3:08 pm to
I have good friends that live in Kirkland (suburb of Seattle) and they make close to $1 million a year combined and have been exploring leaving for a year or so now.

This is bad policy and those with the means will leave and take their incomes, spending, and companies with them.

Good luck, Washington. Killing the golden goose never backfires, no?
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