# I-645 Tax Break Debate

> Washington's $13 billion tax break claim for millionaires sparks confusion over timing and revenue.
- Title: I-645 Tax Break Debate · Seattletimes | Shortify
- Summary: Washington's $13 billion tax break claim for millionaires sparks confusion over timing and revenue. Washington's proposed repeal of a high-earners tax would…
- Keywords: i-645, washington state, high earners tax, repeal, tax revenue, public schools, healthcare, news, local, Tax, Break, Debate
- Source: Seattletimes — https://seattletimes.com/seattle-news/politics/is-i-645-a-13-billion-tax-break-for-millionaires-and-billionaires
- Read time: 1 min
- Topics: i-645, washington state, high earners tax, repeal, tax revenue, public schools, healthcare, news, local
## I-645 tax break claim
The number $13 billion appears in Washington's campaign on whether to uphold or repeal a high-earners income tax.
## No campaign claims $13 billion tax break
The No campaign says Initiative 645 would give the wealthiest people in Washington a $13 billion tax break.
## State voters guide states $13 billion cut
The state voters guide states I-645 cuts public school, healthcare, and childcare funding by $13 billion over four years.
## Yes campaign disputes $13 billion figure
The Yes on I-645 campaign says the $13 billion figure assumes taxpayers take no action to reduce tax exposure.
## Office of Financial Management report
The state's Office of Financial Management estimates I-645 would result in $11.4 billion in lost state revenue over fiscal years 2027-2031.
## Tax revenue timeline
I-645 would bring in $2.7 billion in 2029, $3.7 billion in 2030, $3.2 billion in 2031, and $3.3 billion in 2032.
## Total revenue over four years
The tax would generate $12.9 billion over four years, rounded to $13 billion.
## Key takeaway

Washington's proposed repeal of a high-earners tax would preserve $13 billion in projected revenue over four years but no tax is collected until 2029.