Income Tax

The white Old Florida State Capitol with a columned portico, red and white striped awnings and a small dome, with palm trees and Florida flags in front and the tall modern Capitol tower behind it under a deep blue sky.

Florida Passed Its Property Tax Cut With 157,000 Votes to Spare. Wyoming and Oklahoma Said No, and Washington Kept Its Millionaires' Tax.

Florida voters approved Amendment 3, which raises the homestead exemption for local non-school taxes to $250,000 by 2028, with about 62 per cent of the vote against a 60 per cent threshold. Property tax cuts failed in Wyoming and Oklahoma, and a repeal of Washington's tax on income above $1 million was losing. Colorado's graduated income tax was still too close to call.

By Daniel Okafor November 5, 2026

A bronze lantern hangs on chains beneath the coffered stone ceiling of a portico, above a row of tall windows and a carved stone balustrade.

Money

Washington's Millionaires' Tax Would Raise $11.4 Billion by 2031 From About 30,000 Payers. Voters Decide Tuesday Whether It Ever Starts.

Washington's Initiative 645 would repeal the state's new 9.9 per cent tax on income above $1 million before it takes effect in 2028. The state's fiscal impact statement puts the lost revenue at $11.4 billion over five fiscal years. Colorado, California and North Carolina are also voting on how their top earners are taxed; no results are in.

By Daniel Okafor November 3, 2026

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Florida Passed Its Property Tax Cut With 157,000 Votes to Spare. Wyoming and Oklahoma Said No, and Washington Kept Its Millionaires' Tax.

Washington's Millionaires' Tax Would Raise $11.4 Billion by 2031 From About 30,000 Payers. Voters Decide Tuesday Whether It Ever Starts.