Person
Democratic governor of Washington state since January 2025; previously the state's attorney general (2013–2025) and a King County Council member.
Washington's 9.9% tax on household income above $1 million, set to start in 2028 for about 30,000 taxpayers, faces a Nov. 3 repeal vote and a pending lawsuit. Advisers weighing domicile have a rate and a start date but no ruling on whether it survives.
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Washington Rep. Cindy Ryu backs taxing households with incomes as low as $250,000, a quarter of the $1 million line Gov. Ferguson vowed to protect. Conservative opponents call her remark smoking-gun evidence ahead of the Nov. 3 repeal vote.
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Washington voters decide Nov. 3 whether Initiative 645 repeals the 9.9% tax on household income above $1 million that starts in 2028. If voters keep the tax, it still faces a court challenge built on a 1933 ruling against an earlier income tax.
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Washington voters will decide in November whether to repeal a 9.9% tax on income above $1m that became law in March. The result tells tech executives and their employers whether a state long without an income tax will keep one aimed at its richest earners.
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Three unions supplied about $6 million of the $7.8 million raised to defend Washington's 9.9% levy on household income above $1 million, six times what the repeal campaign has, for revenue the state starts billing in 2029.
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The Department of Revenue scores Washington's new 9.9% tax on annual income above $1 million at $3.1 billion in its first fiscal year. A ballot measure this fall will decide whether it stands.
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A 5% levy on about 200 people was costed against wealth that has already moved. Fortune counts roughly $29 billion gone, and the two men at the top were 28.5% of the base.
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