IWN News & Updates
Welcome IWN News & Updates!
This is where you’ll find wins, stories from community members, recent media coverage, and more. Take a look at these posts to see the impact of our work across the state.
Millionaires tax: Repeal is bad for our health
Research consistently demonstrates that more equitable societies experience lower mortality rates, longer lives and greater overall well-being.
WA revenue officials: Millionaires tax will bring in more money than first expected
New estimates show $3.1 billion in the next budget would be lost if voters pass Initiative 645 and eliminate the new levy on higher earners.
The Millionaires Tax is a win for the working class: Vote no on I-645
Here in Washington, we have some of the richest people in the nation, so why does it feel like all of us are just scraping by?
Letter: Millionaires tax will be beneficial
A person who makes $1,000,100 will pay $9.90 in taxes.
Parents worry WA developmental disabilities program is about to get axed
“It’s everything to our family,” says one mom whose son has autism.
Rick Steves, Ken Jennings back campaign to stop repeal of Washington's 'Millionaires Tax'
The NO on 645 campaign announced endorsements from travel writer Rick Steves and “Jeopardy!” host Ken Jennings.
Federal Tax Cuts for the Wealthy Are Bankrupting States. Some Are Fighting Back.
From Washington to Kentucky, states are united: The wealthy must pay their fair share.
Here’s what’s hidden in the initiative to repeal the WA millionaires tax
It’s not only what’s in Initiative 645’s fine print. It’s what is intentionally left out of the fine print.
Could initiative to kill WA ‘millionaires tax’ also kill capital gains tax?
Opponents of an initiative to repeal Washington’s new high-earners income tax are warning the proposal could also strike down other taxes.
WA’s rich are leaving? Another tax on wealth smashes records
But since the state Legislature passed the capital gains tax in 2021, as its first big try at tapping into tech wealth, Microsoft’s annual profits are up 130% in those five years.
Wages are falling. Wealth is surging. No wonder Americans are unhappy
Two events from this month help crystallize this strange, contradictory moment for the U.S. economy.
How to Tax Billionaires
If you made a lot, you will probably owe a lot. That’s true for most Americans—just not the richest ones.
Lu Hill: What’s in it for us? Digging into the millionaires tax and what it means for 99% of us
There are lots of benefits for the 99% of us who won’t pay the tax. That’s what I’ll cover in this column.
We Are Witnessing the Rise of a New Aristocracy
When inequality gets extreme enough, it starts to exact a cost on the whole system.
Who Are the Millionaires Suing to Stop Our New Millionaire’s Tax?
If you’re reading The Stranger, there is a good chance you will not owe any money to the state from Washington’s new millionaire’s tax.
Our Tax System Should Make You Furious
You may remember that in 2021, ProPublica published an investigation built on a bunch of leaked tax documents revealing what the richest Americans really pay — or don’t. Warren Buffett had a true tax rate of 0.1 percent; Jeff Bezos had 0.98 percent; Michael Bloomberg had 1.3 percent.
What does ‘millionaires tax’ mean for regular WA families? Here’s what it does
Annie Kucklick, policy and research associate with the Economic Opportunity Institute (EOI), a Seattle-based think tank that fights for progressive revenue, said benefits from the income tax depend on the person. But she did break down three ways that she thinks the bill will be a boon for Washingtonians.
Islanders can come together to support a millionaires tax for kids and families
Washington has one of the most upside-down tax systems in the nation. Teachers like me often pay a higher percentage of our income in state and local taxes than the multi-millionaires and billionaires who also call our state home.
Rick Steves: A millionaires tax? Let’s try shared prosperity
A new tax on fat paychecks like mine was signed into law yesterday — and I like it.
‘Millionaires’ tax can help balance school inequities
As a 20-year veteran of the software industry and the son of a successful entrepreneur, I’m far from a marxist crusader.