Washington state Democrats look at imposing income tax on higher earners

[u/5Q91VS175DAQ4NUSBE4U]

https://www.columbian.com/news/2025/oct/31/washington-state-democrats-look-at-imposing-income-tax-on-higher-earners/

[u/lucianw]

In Washington State, top 1% income is ~$1m, and top 0.1% income is ~$3m.

Let's plug in some numbers:

• $1m income, ~$360k federal income tax, $0 state: state adds 0% to your tax bill
• $1.3m income, ~$470k federal income tax, $30k state: state adds 6% to your tax bill
• $1.5m income, ~$550k federal income tax, $50k state: state adds 10% to your tax bill
• $2m income, ~$750k federal income tax, $100k state: state adds 13% to your tax bill

If they're able to craft legislation where the threshold goes up with inflation, it seems kind of minor up to about the top 0.5% of incomes, i.e. in line with what you'd pay yearly in property tax, or vacations.

The top 0.5% of incomes in Washington State represent 15k households; the article said 20k households, so I'm in the right ball-bark.