Washington state has no income tax. It just passed one for millionaires that could be a model for other states

People who live and work in Washington state don’t currently pay any income tax. But in a few years, a small group of residents will be subject to one: Washington lawmakers recently passed a bill that would impose a 9.9% tax on income earned above $1 million, which goes into effect on January 1, 2028. The so-called millionaires tax could raise up to $4 billion annually for the state, revenue that Governor Bob Ferguson has said could go toward free breakfast and lunch for students, and to working families through a tax credit. (Ferguson has yet to sign the bill, which landed on his desk March 13, but has pledged to.) The tax is part of a wave of bills that lawmakers have been considering this year to rein in wealth hoarding and address the widening issue of inequality. And to some “high net worth” individuals, it’s long overdue. ‘It’s about time’ Judy Pigott, for example, is a member of Patriotic Millionaires, a group of wealthy individuals who advocate for more progre