Washington isn’t the first state to pass a so-called millionaire tax, and it won’t be the last. Massachusetts’ millionaire surcharge has been in place since 2023, California may be voting to tax billionaires this fall, and at least a half-dozen other states are actively considering ways to balance budgets or help their working classes via taxes on the ultra-wealthy.
So no, the Evergreen State’s action is not unique. But that’s not the same as saying it doesn’t matter.
