An Income Tax in Washington State?

As I’ve often told friends and clients, Washington state has every tax known to man except an income tax. That may change this fall…and not in a good way.

There will be a ballot measure to add an income tax to supposedly only the highest income Washingtonians. Those who earn over $200,000 ($400,000 if married filing jointly) would pay a 5% tax; those who earn over $500,000 ($1 million if MFJ) would pay 9%. However, as noted in the Wall Street Journal the liberal-leaning Evergreen State legislature could increase the scope and rate of the tax in two years; in theory, every Washingtonian could get hit with an income tax.

I’m certain the Nevada Development Authority is rooting for the passage of Initiative 1098. We know that the unions are; the Service Employees International Union is pushing for its passage.

Peter Pappas has more.

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