The founder of Starbucks announced he was moving to Florida just as Washington state Democrats voted to create the state's first income tax, targeting those who make more than $1 million a year.
The Seattle Times reported that the measure, approved by the state Senate on Wednesday, would implement a 9.9 percent income tax on income over $1 million a year. Gov. Bob Ferguson is expected to sign the legislation over the objections of Republican lawmakers who said the cost of the tax will trickle down to everyone.
