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New Millionaire's Tax May Shift Seahawks' Free Agency

3/15/2026

29 6 Full Breakdown

Summary

Story summary

The 9.9% millionaire's tax on income over $1 million will take effect in 2028.
The tax was passed by the state Senate with support from Governor Bob Ferguson.
Seahawks general manager John Schneider notes the absence of a state income tax has been a recruiting advantage.
Some NFL agents say the tax will influence free agency decisions.
The Seahawks recently lost Kenneth Walker III to the Kansas City Chiefs.

History

Historical Context

In 2021, Washington State enacted a 9.9% tax on income exceeding $1 million, a significant shift from its previous lack of an income tax. Supported by Governor Jay Inslee, this measure aimed to reduce income inequality, as the wealthiest 1% previously contributed only 3% of state taxes. The tax generated over $890 million in its first year, impacting team recruitment strategies in the NFL.

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Story summary

The 9.9% millionaire's tax on income over $1 million will take effect in 2028.
The tax was passed by the state Senate with support from Governor Bob Ferguson.
Seahawks general manager John Schneider notes the absence of a state income tax has been a recruiting advantage.
Some NFL agents say the tax will influence free agency decisions.
The Seahawks recently lost Kenneth Walker III to the Kansas City Chiefs.

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