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Washington’s $10 Million Tax Fight Hits Home
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Subscribe16 SEP 2026 / ACCOUNTING & TAXES
Washington is considering implementing a 9.9% tax on annual income above $1 million, which has sparked controversy and prompted a ballot initiative to repeal the tax. A final decision, which could reshape the state's longstanding policy against broad personal income tax, will have important implications for Washington's economy, residents and businesses.
For more than 90 years, Washington has built part of its tax identity around something residents do not pay: a broad personal income tax. That long-standing position is now being tested by a new tax aimed at annual income above $1 million and a ballot ini...
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