Washington State OKs 9.9 Percent Tax on Millionaires
13th March 2026
The Washington State Senate has voted to approve a new tax on residents who make more than $1 million per year.
Gov. Bob Ferguson, a Democrat, has vowed to sign the bill.
The bill, approved Wednesday by the Democrat-led Senate, will impose a 9.9% tax on state residents who earn over $1 million annually.
Supporters say the tax would affect only a small share of taxpayers — roughly 0.5% of high-income residents — while generating billions annually for programs including education, healthcare, housing, and tax credits for working families, as well as eliminating sales taxes on personal care items such as shampoo.
I predict that when this tax goes into effect, there will be no more ‘millionaires’ in Washington state to be affected.
I predic that they will spend vast sums of money on Woke vote-buying projects in anticipation of revenues that will not arrive.
I predent that eliminating sales taxes in anticipation of the revenues (that will not arrive) will leave the state budget full of holes that, since they can’t conceive of reducing spending, will have to be filled with more taxes on non-‘millionares’.
These people are Just Plain Stupid.
Time to leave. (I’m looking at you, Bill Gates.)