TJ Contact Info:
https://www.thecentersquare.com/users/profile/tj%20martinell/
https://x.com/TJMartinell1

Articles by TJ about the Millionaire Tax aka The Everyone Income Tax:
https://www.thecentersquare.com/washington/article_784a7dcd-4aee-4514-97e0-ff8643ececd2.html
https://www.thecentersquare.com/washington/article_bec62758-ce0d-42c5-85af-7119e1e4a39a.html
https://www.thecentersquare.com/washington/article_ab2490d5-234f-4d5d-b8dd-5cbc23507847.html


The Millionaire Tax is being sold as a simple solution: tax the wealthy, fix the system. But what if that’s not the full story? In this video, we break down the Millionaire Tax in a way you won’t hear anywhere else—uncovering the strategy, the history, and the potential consequences that could impact far more than just the top 1%.
For decades, voters have rejected income taxes again and again… so how did this suddenly pass? What changed? And more importantly—who does it really affect long term?
This isn’t just about policy. It’s about understanding how decisions are made behind the scenes, how narratives are shaped, and what it could mean for homeowners, investors, and everyday people.
If you care about the future of housing, taxes, and the economy, you need to watch this all the way through. The implications go far beyond what headlines are telling you.
===========================

👉 What do you think—will the Washington State Millionaire Tax stay limited, or expand over time? Share your thoughts.
👉 Follow the show for more breakdowns on Washington State real estate, policy, and the economy
👉 Share this episode with someone who needs to understand what’s really happening

This is one of the most important conversations happening right now—and most people have no idea.

===========================
00:00:00 – Washington State Millionaire Tax: Introduction & Controversy
00:02:30 – Washington State Millionaire Tax: What the New Tax Proposes
00:05:15 – Washington State Millionaire Tax: Why This Is So Controversial
00:08:00 – Washington State Income Tax History Explained
00:12:00 – Washington State Voters Reject Income Tax Repeatedly
00:16:30 – How Washington State Lawmakers Passed the Millionaire Tax
00:21:00 – Washington State Tax Strategy Behind the Policy
00:25:30 – Who the Washington State Millionaire Tax Targets
00:30:00 – Why Critics Say the Washington State Tax Will Expand
00:34:30 – Washington State “Tax the Rich” Narrative Breakdown
00:39:00 – Washington State Tax Impact on Residents and Businesses
00:43:30 – Washington State Economic Risks and Consequences
00:48:00 – Washington State Tax Legal and Constitutional Issues
00:52:30 – Washington State Public Reaction and Pushback
00:56:00 – What Happens Next with Washington State Taxes
00:58:30 – Final Thoughts on the Washington State Millionaire Tax

Washington State just crossed a line voters have defended for nearly a century. On March 30, 2026, Governor Bob Ferguson signed Senate Bill 6346 into law, creating a 9.9% tax on personal income above $1 million per household, effective in 2028 with payments starting in 2029. This video breaks down exactly how it happened, why it matters, and what comes next.
Voters have rejected a state income tax eleven times since 1934. Yet in 2024, Initiative 2111—which banned income taxes—was passed by the legislature as a statute, allowing it to be reversed two years later. That reversal is SB 6346. Lawmakers openly acknowledged this shift, with leadership stating the public shouldn’t expect the tax to remain limited to millionaires.
The bill includes major structural issues: a marriage penalty from the flat $1M threshold, taxation of pass-through business income affecting most small businesses, no loss carry-forward protections, and “phantom income” taxes on profits never received.
The process also raises concerns. An emergency clause blocked a public vote despite the tax not taking effect for years. At the same time, the state plans to hire roughly 300 employees to administer the tax, costing hundreds of millions—suggesting long-term expansion.
Meanwhile, state spending has surged 129% in twelve years, and business leaders are already considering leaving.
Finally, four major battles are underway—legal challenges, a referendum fight, a repeal initiative, and federal protections. The outcome may ultimately depend on upcoming Washington Supreme Court elections.
============================
00:00 – We’ve Rejected This 11 Times… Until Now
00:22 – The 2026 Decision That Changed Everything
01:26 – What This Video Will Expose
02:17 – What Is SB 6346?
03:02 – The Timeline Nobody Is Talking About
03:40 – What Counts as Income
04:00 – The “Free School Meals” Narrative
04:41 – Where the Money Actually Goes
05:10 – Why This Won’t Stay a Millionaire Tax
06:33 – How This Expands
07:37 – Avoiding a Public Vote
08:07 – “Pie Crust Promises”
09:20 – Silencing Voters
10:27 – Emergency Clause Explained
12:03 – The Biggest Contradiction
13:18 – Ferguson Hypocrisy
16:02 – Why This Matters
18:14 – Marriage Penalty
19:47 – Small Business Impact
21:02 – Phantom Income
23:34 – Revenue vs Spending
24:53 – Where Taxes Go
25:53 – Building a State IRS
27:03 – 300 Employees
31:00 – Future Signals
33:00 – Businesses Leaving
36:04 – Fair Share Debate
37:56 – Constitutional Argument
39:59 – The 4 Battles
45:26 – Supreme Court Impact
46:54 – What You Can Do
48:39 – Final Warning
50:02 – Why This Isn’t Over
51:08 – Final Thoughts
==================
#antonstetnerpodcast #antonstetner #seattle #wa #washington #realestate #taxes

The Washington State housing market didn’t just change… it exploded.

What used to be $90,000 homes are now selling for $850,000—and for most people, that shift feels impossible to keep up with. So what actually caused this?

In this episode, we break down why the Washington State housing market skyrocketed and what it means for buyers, sellers, and investors right now. From supply shortages and population growth to policy decisions and long-term economic pressure, this isn’t just a price increase—it’s a complete transformation of the market.

But here’s the part most people miss: when there’s uncertainty, there’s opportunity.

If you’re trying to figure out whether to buy, wait, invest, or pivot, this episode gives you the real context behind what’s happening—and where things could be headed next.

Whether you're in Washington or watching from the outside, understanding the Washington State housing market could be the difference between missing out… or getting ahead.

👉 Follow the podcast for weekly insights on real estate, investing, and market trends
👉 Share this episode with someone navigating today’s housing market
👉 Let us know your thoughts: Are prices still going up—or are we about to see a shift?