Millionaire tax no more? Rightwing groups lead effort to repeal Washington state law

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Guardian Business

Millionaire tax no more? Rightwing groups lead effort to repeal Washington state law

An initiative on November’s ballot aims to overturn the 9.9% tax on earnings above $1m – who’s winning the fight? Voters in Washington state will soon decide the fate of the state’s so-called “millionaire tax” – a 9.9% income tax on earnings above $1m that was signed into law in March and is now facing a conservative-backed effort to repeal it. An initiative on November’s ballot aims to overturn the tax, claiming th…