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Special Report

Washington State S.B. 6346 - "Millionaire Tax"

March 2026

Frequently Asked Questions: 

Washington’s newly passed legislation imposes a 9.9 percent tax on income exceeding $1 million for individual taxpayers, with joint filers sharing a combined $1 million standard deduction. The new tax is effective January 1, 2028. This marks a significant shift for a state that has historically not had a personal income tax.

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