WA revenue officials: Millionaires tax will bring in more money than first expected

A new analysis from the state Department of Revenue shows Washington’s high-earner income tax will be paid by thousands of additional households and produce hundreds of millions of dollars more than previously assumed — if voters don’t ditch it this fall.

These larger figures will be in front of voters as they decide whether to repeal the tax in the Nov. 3 election. If voters uphold the tax, it could mean lawmakers need to make fewer cuts to balance the next two-year budget.

Read the full story in the Washington State Standard.