Who Wants To Tax a Millionaire?

Supporters of the Millionaires Tax focus on the “Millionaires” — opponents focus on the “tax.”

By: Daniel Walters

Outlets: RANGE Media

Published: October 15, 2026

Words: 1,559

Last Updated: 2 weeks, 5 days ago

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You, personally, will not have to pay the Millionaires Tax. That is almost certain.

Starting in 2029, the Millionaires Tax, signed by Gov. Bob Ferguson this March, would tax Washington households at 9.9% on any income they make over $1 million.

But chances are you’re safe — even if you have a million dollars squirreled away in the bank. As long as your household isn’t unlucky enough to be pulling in $1 million a year …

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