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steelrat@lemmy.world

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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[–] 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

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