1. United States
  2. Wash.
  3. Letter

Millionaire Tax

To: Rep. Street, Gov. Ferguson, Rep. Santos, Sen. Saldaña

From: A constituent in Seattle, WA

March 4

Our state is facing a $2.3 billion budget shortfall (https://www.seattletimes.com/seattle-news/politics/wa-health-care-groups-raise-alarm-over-ferguson-budget/) caused by Trump’s tariffs, billionaire tax breaks, and cuts to health care, education, food assistance, and more Legislators must find new revenue sources, like a Millionaires Tax, to fund core programs that Washingtonians rely on and to make our tax code more equitable and sustainable.  The Millionaires Tax would: • Tax annual income over $1 million at 9.9% • Raise nearly $3.5 billion per year • Apply to only 20,000 (0.2%), the wealthiest in Washington A Millionaires Tax can fund education, healthcare, and other basic needs while making our upside-down tax code more equitable.

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