# November Ballot Tax Measures Target High Earners

> High-income tax changes on November ballot could reshape state revenue and wealth distribution.
- Title: November Ballot Tax Measures Target High Earners · Kiplinger
- Summary: High-income tax changes on November ballot could reshape state revenue and wealth distribution. Colorado voters may adopt a graduated income tax system…
- Keywords: colorado, california, washington, income tax, billionaire tax, millionaire tax, state ballot, tax revenue, public education, healthcare funding, November, Ballot
- Source: Kiplinger — https://kiplinger.com/taxes/november-ballot-tax-measures-target-high-income
- Published: 2026-10-01T13:27:00+00:00
- Read time: 1 min
- Topics: colorado, california, washington, income tax, billionaire tax, millionaire tax, state ballot, tax revenue, public education, healthcare funding
## November Ballot Tax Measures
High-income tax changes appear on state ballots this November targeting wealthy households and income levels.
## Colorado Income Tax Amendment 87
Colorado voters may replace a 4.4% flat tax with a six-tier system starting in 2027, raising rates from 3.7% to 8.4% for income above $1 million.
## Colorado Tax Impact
The measure could raise $2.7 billion for K-12 education, healthcare, and early childhood care by 2028, with most taxpayers receiving tax cuts.
## California Billionaire Tax Proposal
Proposition 40 would impose a one-time 5% levy on California residents' net worth as of Dec. 31, 2026, with payments due in 2027.
## California Tax Revenue
The tax could generate tens of billions over years, directing 90% to healthcare and reducing state revenue by less than $1 billion annually.
## California Opposition
Governor Newsom and business groups oppose the tax, arguing it could discourage wealthy residents and reduce future tax revenue.
## Washington Millionaire Tax
Washington voters may repeal a 9.9% tax on income above $1 million, scheduled to take effect in 2028.
## Washington Tax Impact
Repealing the tax could reduce state revenue by $11.4 billion over five years, affecting education and healthcare funding.
## Washington Support
Let's Go Washington argues the tax could harm families, businesses, and the state's economy by affecting public services.
## Washington Opposition
Governor Ferguson and public-sector unions oppose repeal, warning of reduced funding for education and healthcare.
## Key Considerations for Voters
Read official ballot language, check who's affected, compare arguments, and research impacts before voting on tax measures.
## What Happens Next
If approved, new court challenges, implementation decisions, and updated revenue estimates could impact tax outcomes.
## Key takeaway

Colorado voters may adopt a graduated income tax system, California faces a billionaire levy, and Washington considers repealing a millionaire tax.