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Washington's 'Millionaire Tax' Could Deter NFL Stars
14 Mar
Summary
- Proposed 10% tax on salaries over $1 million impacts most Seahawks players.
- Team leaders argue tax threatens competitive advantage in recruiting.
- Washington aims to fund school meals, childcare with new tax revenue.
The Seattle Seahawks are voicing concerns over a proposed 10% tax on annual salaries over $1 million in Washington state. Team leadership fears this measure could diminish the state's appeal to NFL free agents, a critical factor in team recruitment, especially when competing with teams in states like California. The proposed tax would affect the majority of Seahawks players, given the NFL's minimum salary is close to the $1 million threshold.
This potential tax marks a significant departure for Washington, which has historically avoided state income taxes for over a century. Lawmakers are considering the tax to address a budget shortfall, with revenues earmarked for school meals, childcare services, and family tax credits. The state House has already approved the bill, which now awaits further action in the Senate. Governor Bob Ferguson has signaled his support for the initiative.
