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Washington's Millionaire Tax: Boosts Schools, Hinders Seahawks' Recruiting

3/16/2026

35 6 Full Breakdown

Summary

Story summary

The proposed Washington 'millionaire tax' would impose a 9.9% rate on individuals earning over $1 million beginning in 2028.
Revenue would fund school meals and childcare services.
John Schneider, general manager of the Seattle Seahawks, says the tax could hinder recruiting free agents.
The bill has passed the Washington State House and is expected to be signed by Governor Bob Ferguson.

History

Historical Context

In 1972, Washington voters rejected a state income tax, opting for a sales tax system that now accounts for over 60% of state revenue. This decision contributed to one of the most regressive tax structures in the U.S., prompting ongoing discussions about equitable taxation. The proposed millionaire tax in 2028 aims to address these disparities and could significantly impact funding for public services.

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Story summary

The proposed Washington 'millionaire tax' would impose a 9.9% rate on individuals earning over $1 million beginning in 2028.
Revenue would fund school meals and childcare services.
John Schneider, general manager of the Seattle Seahawks, says the tax could hinder recruiting free agents.
The bill has passed the Washington State House and is expected to be signed by Governor Bob Ferguson.

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