Washington state has decided to go full steam ahead with a “millionaire tax.” The effects are already starting to show.

Washington legislators have passed a proposed millionaire tax, sending it to the desk of Gov. Bob Ferguson (D-WA), who has said he will sign it. Democrats hope the state Supreme Court will allow the tax to stand, striking down a 1933 decision that prevented such taxes targeted at certain earners. This new proposed tax would be a 9.9% tax on people with an income above $1 million. This would be the only income tax in Washington state.

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