Income tax

Washington State Just Passed a 9.9% Income Tax on Those Making $1 Million

The new tax “is probably one of the biggest changes in Washington state political history since our founding,” says one state representative.

Jack Nicastro | 3.17.2026 10:25 AM

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Washington state has beaten California and New York in their race to soak the rich. 

On Thursday, the state Legislature passed a "millionaires tax" along party lines. Starting in 2028, households making at least $1 million will be subject to a 9.9 percent income tax. The money raised from this duty will allow the state to eliminate sales taxes on diapers, over-the-counter drugs, and select hygiene products; provide free school breakfast and lunch; and to generally "fund K–12 education, health care, [and] higher education." Unless Gov. Bob Ferguson unexpectedly vetoes the bill, it will automatically........

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