Updated
Updated · Fox News · May 2
Jesse Proudman prepares to leave Seattle over rising Washington taxes
Updated
Updated · Fox News · May 2

Jesse Proudman prepares to leave Seattle over rising Washington taxes

8 articles · Updated · Fox News · May 2
  • The Venice.ai founder and CTO said he is considering Nevada, Texas, Nashville and Florida after Democrats passed Washington's first income tax, signed by Governor Bob Ferguson on 30 March.
  • Proudman said entrepreneurs with means have already left or are planning to go, arguing the new millionaires tax could widen beyond top earners and make Washington the country's highest-tax state.
  • He also criticised Seattle Mayor Katie Wilson after she dismissed fears of wealthy residents leaving, while citing Seattle's 10.35% combined state and local sales tax as another business burden.
Will Washington's new tax on millionaires build a better state or just push its top innovators to leave?
Beyond lower taxes, what makes states like Florida and Texas a 'haven' for fleeing tech entrepreneurs?