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I'm confident that most people, including most millionaires, will support a Millionaires' Tax where wealthy folks pay a bit more and Washington families and small businesses get tax relief. These dollars are going to help out thousands and thousands of Washingtonians.

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Governor Bob Ferguson

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40,863 Aufrufe • vor 7 Monaten •via X (Twitter)

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Julia Davies, "It might sound like wealthy people pay more in tax, that's because they disproportionately have more of the wealth of the UK" Patriotic Millionaires UK "I'm speaking here as a wealthy person, so I would have to pay the proposed 2% wealth tax that we're talking about" "No matter what the lobby groups who don't want to tax wealth will tell us, it is not going to be a problem for wealthy people to pay that" "Who it is a problem for the moment is working people and small-medium sized businesses" "So while we are delaying implementing more measures to fairly tax wealth, we are increasing the strain on working people and small to medium sized businesses" "We have increased national insurance on working people.. We should have applied national insurance to income on wealth. That would have brought in a lot of money and it wouldn't have put our small businesses under strain" "I represent a group called Patriotic Millionaires, we absolutely don't think wealth is a dirty word, suggesting that asking for fair taxation of wealth is saying wealth is something dirty is nonsensical" "Asking for fair taxation of wealth is not punishing anyone. Asking working people to pay more national insurance and income tax, that is punishing people"
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Julia Davies, "It might sound like wealthy people pay more in tax, that's because they disproportionately have more of the wealth of the UK" Patriotic Millionaires UK "I'm speaking here as a wealthy person, so I would have to pay the proposed 2% wealth tax that we're talking about" "No matter what the lobby groups who don't want to tax wealth will tell us, it is not going to be a problem for wealthy people to pay that" "Who it is a problem for the moment is working people and small-medium sized businesses" "So while we are delaying implementing more measures to fairly tax wealth, we are increasing the strain on working people and small to medium sized businesses" "We have increased national insurance on working people.. We should have applied national insurance to income on wealth. That would have brought in a lot of money and it wouldn't have put our small businesses under strain" "I represent a group called Patriotic Millionaires, we absolutely don't think wealth is a dirty word, suggesting that asking for fair taxation of wealth is saying wealth is something dirty is nonsensical" "Asking for fair taxation of wealth is not punishing anyone. Asking working people to pay more national insurance and income tax, that is punishing people"

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The Millionaires' Tax is about making life more affordable. We delivered on sending a significant portion of revenues back to Washingtonians, including the largest tax break in state history for small business owners.
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Why is Mr. Lakshmi Mittal and thousands of other millionaires leaving UK this year? Last year over 250k British nationals left the UK... and in the current year, almost 16k millionaires are expected the have left the UK... It's because of a major law that is proposed to be passed in the UK Parliament that none of the wealthy people like... To understand this, let's first understand why the Global Wealthy were in the UK to begin with... The Global Wealthy would go to the UK because the country had a Non-Dom Regime... which basically meant that all the incomes earned by UK residents in other parts of the world and all such capital gains would not be taxed... For example, in India, your global incomes are taxed if you are an Indian tax resident... Now there are three major changes that have happened that made millionaires pulled the trigger... 1/ In Oct 2024, the capital gains tax was increased from 20% to 24% 2/ In April 2025, UK abolished the Non Dom regime by which global incomes become taxable in the UK... and more importantly 40% inheritance tax becomes payable even on assets outside of the UK. 3/ And now the third issue... where the Govt is now proposing to levy a 20% exit tax on unrealised gains on these assets, which are not even sold, but only appreciated in value Now where are all these people going? Most of these people are now going to Dubai... No personal income tax, no wealth tax, no inheritance tax, no capital gains tax, no dividend tax... Absolute safety - no crime... and corporate tax is just 9% while you get all the first world facilities while being close to Asia as well as Europe. If you have to move somewhere globally, the best bet right now is the UAE.
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Why is Mr. Lakshmi Mittal and thousands of other millionaires leaving UK this year? Last year over 250k British nationals left the UK... and in the current year, almost 16k millionaires are expected the have left the UK... It's because of a major law that is proposed to be passed in the UK Parliament that none of the wealthy people like... To understand this, let's first understand why the Global Wealthy were in the UK to begin with... The Global Wealthy would go to the UK because the country had a Non-Dom Regime... which basically meant that all the incomes earned by UK residents in other parts of the world and all such capital gains would not be taxed... For example, in India, your global incomes are taxed if you are an Indian tax resident... Now there are three major changes that have happened that made millionaires pulled the trigger... 1/ In Oct 2024, the capital gains tax was increased from 20% to 24% 2/ In April 2025, UK abolished the Non Dom regime by which global incomes become taxable in the UK... and more importantly 40% inheritance tax becomes payable even on assets outside of the UK. 3/ And now the third issue... where the Govt is now proposing to levy a 20% exit tax on unrealised gains on these assets, which are not even sold, but only appreciated in value Now where are all these people going? Most of these people are now going to Dubai... No personal income tax, no wealth tax, no inheritance tax, no capital gains tax, no dividend tax... Absolute safety - no crime... and corporate tax is just 9% while you get all the first world facilities while being close to Asia as well as Europe. If you have to move somewhere globally, the best bet right now is the UAE.

JIX5A

57,632 Aufrufe • vor 9 Monaten

Washington State Democrats lied. Their new income tax on millionaires isn’t just for people making over $1 per year “It’s not just the millionaires who are gonna face this tax. In fact, couples whose combined income is a million dollars or more will also be taxed. Tax experts call it the marriage penalty. So if you have two individuals who each make $600,000, neither would pay the state income tax if they filed as individuals, but if they are married and they file jointly, they would owe a tax of about $20,000” And so it begins… next they’ll start lowering the threshold and it’ll soon apply to everyone
1:24

Washington State Democrats lied. Their new income tax on millionaires isn’t just for people making over $1 per year “It’s not just the millionaires who are gonna face this tax. In fact, couples whose combined income is a million dollars or more will also be taxed. Tax experts call it the marriage penalty. So if you have two individuals who each make $600,000, neither would pay the state income tax if they filed as individuals, but if they are married and they file jointly, they would owe a tax of about $20,000” And so it begins… next they’ll start lowering the threshold and it’ll soon apply to everyone

Wall Street Apes

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