Mega-Rich and Plans to Tax Them Abound in Washington State

Washington state — home to some of the wealthiest people in the world — is a hotbed of proposals to impose higher taxes on the wealthy.

Bills to impose a capital gains tax, a wealth tax on billionaires, or a more progressive estate tax are all circulating in the Democrat-controlled Legislature this session. Proposals to fund and expand tax credits for low-income people are also in the works. The push from Gov. Jay Inslee (D), particularly on a capital gains tax, is giving proponents momentum.

The renewed interest in higher taxes on the wealthy stems from watching fortunes grow ...