August 14th, 2026

'We want to hear the results': Gee, Ursula say millionaires' tax needs accountability as new estimate adds $400M to projections

Name: 'We want to hear the results': Gee, Ursula say millionaires' tax needs accountability as new estimate adds $400M to projections
Uploaded: 2026-08-14T22:26:13+00:00
Duration: 5 min 4 s
Description: Washington's new income tax on high earners could bring in $3.1 billion in its first budget cycle, roughly $400 million more than lawmakers initially projected, according to a new state Department of Revenue analysis. The number of households expected to pay the 9.9% tax on wage income above $1 million has also grown from about 21,000 to 25,000.

Washington's new income tax on high earners could bring in $3.1 billion in its first budget cycle, roughly $400 million more than lawmakers initially projected, according to a new state Department of Revenue analysis. The number of households expected to pay the 9.9% tax on wage income above $1 million has also grown from about 21,000 to 25,000.