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Wealth Advisor
Wealth Advisor

Is Washington’s Millionaire Tax Already Failing?

The most successful Seattleites keep finding reasons to leave.

The state of Washington’s misguided new millionaire’s tax isn’t due to take effect until 2028. But already the new exaction seems to be succeeding wildly at proving that incentives matter. Many of Washington’s most successful people keep relocating to states without income taxes.

Now Rich Barton, co-founder of the real-estate website Zillow, posts on X:

Officially a Las Vegas resident. Kids are launched, empty nest achieved, and we’re excited to start this next chapter.

Viva Las Vegas! Who wouldn’t be excited to go where achievement is welcomed rather than punished? Not that we should always expect a detailed explanation of the barriers the state of Washington and the city of Seattle have lately been erecting in the way of entrepreneurs.

Alexis Weisend reports for the Seattle Times:

Zillow and a representative for Barton declined to comment on the move.

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