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Washington's Millionaires Tax Faces Repeal Push

Original: Washington Taxed Its Millionaires. Now the Rich Want It Repealed

Washington State imposed a tax on high earners, and wealthy residents are now pushing to have it repealed. The debate touches on whether taxing millionaires drives them to move to lower-tax states, and how states fund services when the wealthy resist. It has become a flashpoint in the broader argument over taxing the rich in the United States.

Why now: A state-level fight over a capital gains tax on the wealthy resonates with ongoing national debates about taxing the rich and wealth migration.

Washington Statewealthy residentsNew York Times

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