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WA income tax passes Senate, Ferguson expected to sign into law (www.seattletimes.com)

submitted 2 months ago by silence7@slrpnk.net to c/washington@lemmy.world

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The bill imposes a 9.9% tax on income of over $1 million a year, with the first payments due in 2029. It would raise an estimated $3 billion to $4 billion annually, helping to fund schools and other state services.

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[–] tidderuuf@lemmy.world -4 points 2 months ago (1 children)

I'm sorry but you are simply wrong as well. CA and NY have both seen wealthy residents leaving. https://www.businessinsider.com/where-rich-people-are-moving-florida-texas-tennessee-north-carolina-2024-1#%3A%7E%3Atext=The+great+wealth+%27realignment%27%3A+Affluent+people+keep%2Cmovers+seek%3A+space%2C+weather%2C+and+lower+taxes. https://www.latimes.com/entertainment-arts/story/2026-01-10/california-made-them-rich-now-billionaires-flee-when-state-asks-for-little-something-back

Don't try to attack me by saying I am wrong and then yourself lay a false claim down without any proof.

[–] silence7@slrpnk.net 3 points 2 months ago

That's the talk that you're mistaking for action. A tiny fraction of wealthy retirees can and do leave. The bulk of the wealthy can't