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Washington passes "millionaires tax" despite concerns of wealth flight
Washington state lawmakers on Wednesday passed a so-called "millionaires tax," a move criticism said could lead to an exodus of high-income earners.
The State Senate passed the measure with a day left in the 2026 legislative session, following a hotly contested 24-hour marathon in the State House.
The bill would impose a 9.9% tax on income over $1 million for individuals or couples in a household.
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