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Stockreport

‘Marriage penalty' in Washington state's new millionaire tax stirs debate [CNBC]

Amazon.com, Inc. (AMZN)  More Company Research Source: CNBC
Last amazon.com, inc. earnings: 4/30 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: phx.corporate-ir.net/phoenix.zhtml%3fc%3d97664%26p%3dirol-irhome
Key Points But according to the legislation, the $1 million threshold applies to individuals, couples and domestic partners. That means if a married couple makes more than $1 million combined, they'll be hit with the tax, leading to debate about the so-called “marriage penalty.” Aerial view of Washington State Capitol in 2024. Joe Sohm/visions Of America | Universal Images Group | Getty Images A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Washington state's proposed new income tax includes the largest “marriage penalty” in the nation, placing higher taxes on certain couples who file jointly, according to tax experts. The state House of Representatives approved Washington's first-ever income tax, imposing a 9.9% tax on income of more than $1 million a year. Having also passed the state Senate, it will now [Read more]
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Stockreport

‘Marriage penalty' in Washington state's new millionaire tax stirs debate [CNBC]

Amazon.com, Inc.  (AMZN) 
More Company Research Source: CNBC
Last amazon.com, inc. earnings: 4/30 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: phx.corporate-ir.net/phoenix.zhtml%3fc%3d97664%26p%3dirol-irhome
Key Points But according to the legislation, the $1 million threshold applies to individuals, couples and domestic partners. That means if a married couple makes more than $1 million combined, they'll be hit with the tax, leading to debate about the so-called “marriage penalty.” Aerial view of Washington State Capitol in 2024. Joe Sohm/visions Of America | Universal Images Group | Getty Images A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Washington state's proposed new income tax includes the largest “marriage penalty” in the nation, placing higher taxes on certain couples who file jointly, according to tax experts. The state House of Representatives approved Washington's first-ever income tax, imposing a 9.9% tax on income of more than $1 million a year. Having also passed the state Senate, it will now [Read more]
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