Millionaires Tax Resources
Washington wins with the new Millionaires Tax!
The Millionaires Tax is a big step forward for tax justice in Washington. By taxing annual income over $1 million by just 9%, the estimated $3 billion/year in revenue from this tax will lower costs for working families, and ensure we can pay for important programs that we all depend on like education, health care, childcare, and more.
The Millionaires Tax will increase funding for education, expand Working Families Tax Credit eligibility, eliminate sales tax on hygiene products, over-the-counter medications, diapers, and more, increase funding for high-quality child care, provide free breakfast and lunch for all K-12 students, reduce the tax burden on small businesses, and increase funding for Medicaid, Medicare, and rural hospitals.
Less than 1% of Washingtonians will pay the Millionaires Tax - and all of us will see tangible benefits in our daily lives. Together, we’re funding our future and creating a state where everyone has the tools to build a good life.
To learn more about the Millionaires Tax, use the resources below!
MILLIONAIRES TAX: FACTS AND IMPACT
Who will benefit from the new expansions to the Working Families Tax Credit?
Millionaires Tax Explainer - how it works and who benefits
About Washington’s New Millionaires Tax: Frequently Asked Questions
About the Millionaires Tax - what it is, how it’s calculated, and who benefits
SB 6346 Millionaires Tax: Frequently Asked Questions
Washington Millionaires’ Tax, Expanded Working Families Tax Credit Make Tax Code Fairer
Recent state budgets are historically low relative to our collective ability to pay - why WA needs the Millionaires Tax
Take our quick quiz to find out what's in WA's new Millionaires Tax for you and your family.
Debunking Wealth Flight Myths: States Should Forge Ahead With New Revenues in Face of Misleading Tax Migration Claims
Explore who pays, how it works, and who benefits
MILLIONAIRES TAX: MEDIA COVERAGE
Seattle Times
May 2026
Ferguson vows to veto any expansion of WA ‘millionaires tax’
The Cascadia Advocate
May 2026
Washington State’s budget has been shrinking, not growing, despite statements to the contrary by former elected officials
Press Release
May 2026
Fact Check: Data Shows High Income Households Don’t Actually Leave States With Progressive Taxes
Press Release
May 2026
First Attack on Millionaires Tax Fails
IWN Statement
April 2026
Statement Regarding Lawsuit to Roll Back Tax Cuts for Working Families and Tax on Mega-Millionaires
Press Release
March 2026
Millionaires Tax Steps From Final Approval!
More about Invest in Washington Now
Invest Washington Now is a movement of activists, educators, working families, and everyday Washingtonians advocating for a fair and just tax code. Our work has been made powerful by the people who have shown up, day after day, to work for a fair tax system.
Looking to dig in more? Learn more about us here, or check out what’s in the news. Have a question? You can always send us a message. Thanks for joining the fight for a fair and just tax code!
