WA's Income Tax Creep—Will the Millionaires' Tax Survive Scrutiny?

Washington State recently enacted an income tax, effective January 1, 2028, on earners with income in excess of $1 million, which has left critics speculating that this tax will rapidly expand to other taxpayers in future years. Such speculation is on strong ground as Washington State is already broadly taxing its residents by merely attaching different labels to the income taxes that it is already imposing...... By: Davis Wright Tremaine LLP