Gov. Bob Ferguson signed a bill imposing a 9.9% income tax on earnings over $1 million in Washington.
OLYMPIA, Wash. — Gov. Bob Ferguson signed a controversial bill Monday that imposes an income tax on millionaires in Washington state.
The law imposes a 9.9% income tax on households earning more than $1 million annually, applying only to earnings above that threshold. The latest version of the legislation includes expanded tax breaks for small businesses and low-income families.
“In my state of the state address, I called on all of us not just be witnesses to history, but to make history together,” Ferguson said at
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