Washington State's New Tax on High Earners

0:00This is Corey with the story with Seattle Mariners News today, powered by the Daily News Now. Subscribe for daily updates on your team. Washington Governor Bob Ferguson is set to sign a new bill imposing a 9.9% tax on household incomes over $1 million. Starting in 2028, this targets high earners like players on Seattle's pro sports teams and college athletes pulling in seven-figure name, image and likeness deals, or revenue shares. The state has been one of just nine without an income tax until now. Joining places like Alaska, Florida and Texas. Even athletes below the threshold from team salaries could get hit if endorsements push them over the line, and upcoming WNBA deals might bring more. Into play. Team execs worry it could hurt recruiting with Seahawks General Manager John Schneider, saying he can no longer pitch no state tax to agents. A pitcher last month chose Arizona's lower 2.5% rate over San Diego's higher 14.6% effective

1:02rate for more. Take home pay. High tax states still build winners though. Think dodges with three recent World Series titles, Warriors and Lakers in the NBA, or Ram Super Bowl, Champs. Taxes are just one piece amid federal levies, jock taxes, deductions and lifestyle factors. Mariners pitchers, Luis Castillo and George Kirby could each owe around $2.5 million and $2 million extra in 2028. It all adds up to a complex picture, and we'll watch how Seattle teams adjust for recruiting while the law faces possible court fights.