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Washington State Approves 9.9% Tax on Millionaires' Income

3/20/2026

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Summary

Story summary

The Washington State House of Representatives approved a 9.9% tax on income over $1 million on March 11, 2026, with effect January 1, 2028.
Governor Bob Ferguson plans to sign the bill after the Senate's prior-day vote.
The legislation allocates 5% of revenues to the Fair Start for Kids Act.
Democratic lawmakers say tax would replace Medicaid and SNAP cuts.
Republican opposition spurred backlash and safety concerns among Democratic lawmakers.

History

Historical Context

The 16th Amendment, ratified in 1913, enabled the federal government to impose an income tax, reshaping U.S. tax policy. Washington State's recent approval of a 9.9% tax on income exceeding $1 million reflects ongoing discussions about wealth distribution and funding for social programs, such as the Fair Start for Kids Act, amidst concerns over Medicaid and SNAP funding cuts.

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Story summary

The Washington State House of Representatives approved a 9.9% tax on income over $1 million on March 11, 2026, with effect January 1, 2028.
Governor Bob Ferguson plans to sign the bill after the Senate's prior-day vote.
The legislation allocates 5% of revenues to the Fair Start for Kids Act.
Democratic lawmakers say tax would replace Medicaid and SNAP cuts.
Republican opposition spurred backlash and safety concerns among Democratic lawmakers.

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