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Washington state enacts new tax on wealthy | Collector
Washington state enacts new tax on wealthy
The Hill

Washington state enacts new tax on wealthy

Washington Gov. Bob Ferguson (D) on Monday signed the state’s first income tax on residents making over $1 million annually. The “Millionaire’s Tax” advanced by the state legislature last Wednesday, which imposes a 9.9 percent annual tax on qualifying earners, is expected to boost the state’s budget by $4 billion. These funds generated from this...

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