Articles about Millionaires tax

Opinion: The myth of Washington’s tax burden, by the numbers

Contrary to popular myths, our taxes are relatively low, haven’t exploded skyward, and are nowhere near the point of creating serious damage to the commercial sphere. Read More

Seattle mayor’s ‘bye’ to millionaires who leave state over taxes is no laughing matter to some in tech

The debate over progressive taxation in Washington state has been building for months, with the tech community largely alarmed by what it sees as a hostility toward business in the region. Read More

FAQ: What the millionaires tax means for Seattle startup founders, investors, and tech workers

GeekWire spoke with legal experts and wealth advisors to learn more about how the new income tax may impact different people in Washington’s tech ecosystem. Read More

Washington House passes 9.9% ‘millionaires tax’ as business leaders warn of ‘seismic shift’

Some tech leaders and entrepreneurs worry the legislation could undermine their sector by souring Washington’s relatively favorable tax laws for startup founders, investors and high-wage earners. Read More

Opinion: The wrong tax at the wrong time for Washington

Seattle entrepreneur Jesse Proudman on why he’s saddened by the state’s new income tax, writing that it comes at the “worst possible moment” amid the AI boom. Read More

Opinion: You couldn’t pay me to leave Washington state, and I’d pay more to stay

My view on Washington’s proposed tax on very high incomes is simple: if I’ve found myself in the position of making that much in a year, I can afford to contribute a little more to the place that helped make that circumstance possible. Read More

Washington governor says he’ll sign millionaires tax

Ferguson said a revised proposal met his desire to send more revenue back to working families and small businesses. The legislation has sparked intense debate within the state’s tech and business circles. Read More

Opinion: The narratives and realities of an income tax in Washington

Editor’s note: GeekWire publishes guest opinions to foster informed discussion and highlight a diversity of perspectives on issues shaping the… Read More

In new letter to governor, Seattle tech leaders say income tax proposal will hurt region’s AI innovation

A group of AI researchers, founders, and investors argue that higher taxes on high earners and investment gains would push top talent and future startups elsewhere at a critical moment in tech. Read More

Group alleges fake sign-ins used to pad apparent opposition to Washington state ‘millionaires tax’

Invest in Washington Now said there have been tens of thousands of duplicate names used as sign-ins for hearings and more than 100 sign-ins marked “con” were confirmed as fraudulent over the weekend. Read More

Proposed income tax on high earners advances in Washington state

The so-called “millionaires tax,” which would create a 9.9% tax on income that exceeds $1 million, has drawn opposition from some tech leaders and entrepreneurs. Read More

Opinion: Here’s what’s missing from the tax debate in Washington state

Editor’s note: GeekWire publishes guest opinions to foster informed discussion and highlight a diversity of perspectives on issues shaping the… Read More

Opinion: ‘Millionaires tax’ threatens Washington’s startup economy — here’s the math to prove it

The real story isn’t one bill — it’s the full stack of taxes that Washington is building, layer by layer, session by session, writes startup attorney Joe Wallin in a guest column responding to a recent GeekWire op-ed arguing critics should “cool it on the millionaires tax hysteria.” Read More

Opinion: The ‘millionaires tax’ is not an existential threat to Washington’s startup economy

Editor’s note: GeekWire publishes guest opinions to foster informed discussion and highlight a diversity of perspectives on issues shaping the… Read More

Washington’s ‘millionaires tax’ targets top earners as tech leaders warn of startup fallout

Washington leaders unveiled their so-called “millionaires tax” — a proposed 9.9% tax on personal income in excess of $1 million. Business leaders are worried about additional financial burdens in a shaky economy while supporters stress the growing affordability crisis. Read More