When Massachusetts passed a "millionaires tax" in 2023, conservatives claimed the rich would flee.
But two years later, they haven't — and MA has collected $5.7B for infrastructure and public education.
A reminder that positive change can still happen at the state level.
@moreperfectunion.bsky.socialWashington State looks set to tax millionaires, as the governor says he’ll sign legislation creating a new state income tax of 9.9% on people earning of over $1 million a year.
Washington currently doesn’t have a personal income tax.
www.seattletimes.com/seattle-news...
seattletimes.com
WA ‘millionaires tax’ gains ground as Ferguson pledges signature
Gov. Bob Ferguson and legislative Democrats reached a deal on a proposed income tax on people earning more than $1 million, clearing the way for a final vote.
