NewsBreitbartMay 2, 2026United States
Seattle Mayor Comments on Millionaire Tax and Business Migration
Seattle Mayor Katie Wilson recently addressed concerns regarding wealthy residents leaving Washington state due to a new tax policy. The discussion centers on a 9.9 percent tax on households earning over $1 million annually, which takes effect in January.
Read the full story at BreitbartWhy It Matters
A new 9.9 percent income tax on households earning over $1 million per year is scheduled to take effect in January, impacting state revenue and the local business climate.
Key Facts
- A 9.9 percent income tax on households earning over $1 million per year is set to take effect in January.
- Mayor Katie Wilson stated her office is exploring further options for progressive taxation.
- A survey by the Association of Washington Businesses indicates the number of businesses considering leaving the state has nearly doubled since the tax was introduced.
- Active housing listings in Washington have surged 29 percent year over year, while closed sales have remained stagnant.
- Mayor Katie Wilson defeated incumbent Bruce Harrell in the election held last November.
Who's Mentioned
personKatie Wilson“Mayor of Seattle”dollar_amount$1 million“Income threshold for the new tax”personJason Mercier“Representative of Mountain States Policy Center”personBruce Harrell“Incumbent Mayor defeated by Katie Wilson”personMatt Humphrey“Seattle barber and business owner”locationWashington“State where the tax policy is being implemented”dateJanuary“Effective date of the tax”