The proposal would tax the wealthiest people in the state, based on annual income.
OLYMPIA, Wash. — Saying it’s time for a “historic change in the tax structure,” Gov. Bob Ferguson announced his support for a millionaire tax on the wealthiest people in Washington state on Tuesday.
Under the proposal, which will be presented to the Legislature this session, people who make $1 million of income in a year would be taxed. It would not impact those whose net worth reaches $1 million.
RELATED: Gov. Ferguson’s proposed budget includes further cuts to state agencies, higher education
This, according to Ferguson, would impact
→ Continue reading at King 5
