A High Earner’s Income Tax, or Millionaires Tax, to fund Washington families Survey

Recently, Legislative leaders have unveiled a plan to tax anyone earning over $1 million and invest in targeted tax relief, public schools, health care, higher education, and more. I want to hear from you about what this tax should fund.

1.Currently the Millionaires Tax only applies to incomes OVER $1 million. That means that a person’s income is only taxed above the $1 million threshold. Is $1 million too low, too high, or just right?(Required.)

The $1 million threshold is too low and should be higher before someone starts paying taxes

The $1 million threshold is too high and should be lowered so someone pays taxes on income below $1 million

$1 million is the correct threshold for this tax

Do not pass the Millionaires Tax

2.Under the Millionaires Tax, income over $1 million is taxed at 9.9%. Example: If your income is $2 million for the year, the first $1 million is exempt from the tax, and you will pay 9.9% of $1 million ($99,000). How do you feel about 9.9% as the rate on high income earners?(Required.)

9.9% is too low

9.9% is too high

9.9% is about right

I'm not sure

Other (please specify)

3.Under the Millionaires Tax, about 80% of the funding goes primarily to fund public schools, health care, and higher education and then the rest mostly goes to reduce tax burdens through a doubling of the tax credit for small businesses, reduction of B&O tax surcharges, exempting certain products from the sales tax, and an increase to the Working Families Tax Credit. How should the funding be used?(Required.)

Keep the distribution at about 80% for public services and 20% for tax relief

Reduce public service funding in the bill and increase tax relief

Reduce tax relief in the bill and increase funding for public services