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.

In the first bucket: families who will get help from the expansion of the Working Families Tax Credit, Kucklick said. The second bucket would be those who will save money thanks to the sales tax exemption for diapers, hygiene products and over-the-counter meds. The final bucket? Small business owners.

Kucklick said the tax will mean relief for working households with small children and for those not currently eligible for the WFTC.

Read the full article in The Olympian.