Washington enacts millionaires' tax
politicsMar 30, 2026
Washington Gov. Bob Ferguson signed a 9.9% tax on income over $1 million. The law directs revenue to fund universal free K-12 school meals and to expand the Working Families Tax Credit. It also creates a targeted small business tax break. Opponents, including Seahawks general manager John Schneider, warn the measure could push high earners out of state and affect local institutions.
Key Highlights
Washington enacted a 9.9% tax on income over $1 million.
Revenue will fund universal free K-12 meals and expand tax credits.
Law includes a small business tax break and drew local criticism.