Seattle, WA
Sure Bezos bailed, but Seattle is minting millionaires by the thousands
When Jeff Bezos announced his departure from rainy Seattle for the beaches of Miami many, myself included, wondered if it had anything to do with Washington’s new capital gains tax. The billionaire Amazon founder has a reputation for picking cities based on their tax environments after all.
But it appears Bezos wasn’t the canary in the coal mine predicting a mass exodus of Seattle’s wealthiest residents. At least not according to a new study from UK wealth advisory firm Henley & Partners. It found Seattle added 3,700 millionaires in the past year, bringing the total to 54,200.
The numbers come from the firm’s proprietary database, which tracks the migration of 150,000 high net-worth people around the world. Seattle also gained a billionaire, even as it lost one of the world’s most famous ones.
Those gains make Seattle the seventh wealthiest city in America, but as the Seattle Times notes, the city is even richer than its peers when you look at millionaires per capita. About 1 in every 14 Seattleites are millionaires, making it second only to the Bay Area for “millionaire density.”
State Sen. Noel Frame (D-Seattle) said the study buoys her campaign for additional taxes on the state’s richest residents.
Frame championed the capital gains tax, and she is fighting for a wealth tax on residents’ assets that exceed $250 million. She says policies like the capital gains tax, which funds education and child-care programs, make this a place where the wealthy want to live.
“The best way to maintain that quality of life is to tax those who have done well … take those funds and reinvest it back into our communities,” she said. “That will continue to maintain that quality of life to attract more people to come to and remain in our state so they will put down roots, grow their businesses, build their families and hopefully do well, reinvest back into our community, and keep that virtuous cycle going.”
The Washington state Legislature passed the capital gains tax in 2021. It levies a 7% tax when “capital assets,” like stocks, are sold or traded. Real estate sales are exempt, as are assets worth less than $262,000.
The capital gains tax brought in $786 million in 2023, according to state data reported by The Washington State Standard. This year that number plunged to $433 million. The number of residents filing, however, remained steady. About 3,000 people paid the capital gains tax in 2023 and 2024. Frame said the fluctuation in revenue was expected.
“It’s a transaction tax and people make decisions about whether or not to sell capital assets for a broad set of reasons,” she said. “We knew when we passed the law that because it is a transaction tax, there is some degree of volatility to it.”
But opponents of the capital gains tax say its an unnecessary and volatile revenue source. They’re taking the issue to voters through a ballot initiative this November.
Meanwhile, an additional municipal capital gains tax could be in the works in Seattle. A Seattle City Council committee met Wednesday to discuss a city-level capital gains tax to help plug a budget hole. It’s one of 63 revenue ideas the city is considering.
Seattle, WA
Three West Seattle schools’ teams advance in FIRST Lego League competition
(Photos courtesy Brenda Hatley)
By Hayden Yu Andersen
Reporting for West Seattle Blog
Dozens of youth robotics teams from elementary and middle schools across the district gathered on December 6 at Robert Eagle Staff Middle School for this year’s FIRST Lego League qualifier. By the end of the day, three teams from West Seattle – Madison Middle School, Lafayette Elementary School, and Alki Elementary School – emerged triumphant, with their sights set on the next round of the tournament.
Of the schools who competed that day, nine were from West Seattle, including Genesee Hill Elementary, Fairmount Park Elementary, Gatewood Elementary, Arbor Heights Elementary, West Seattle Elementary, and the aforementioned teams that are moving up to the next round.
A local parent tipped us about the students’ achievement, so we set out to get details. We spoke with Brenda Hatley, a coach for Madison Middle School, the only West Seattle middle-school team to advance to the next round, and she says the turnout at the qualifiers was impressive. Hatley first became a coach for her son’s 4th-grade team and was one of the founding parents for Lafayette Elementary’s Lego Robotics team.
She says the program, which pairs engineering with LEGO, coding, and real-world projects, is a fantastic program for students who are less interested in athletics but still want to capture the excitement of a pep rally.
“It’s not a sports team, but they’re still getting so hyped up. The kids were cheering for each other, and the pressure was there; coaching through that was an incredible experience,” Hatley said.

Madison’s team, the Madbots, will play their next match on December 26th, at a to-be-determined location. The teams that do well this month will move on to the city-wide competition in Downtown Seattle, before moving to the regionals at Washington State University, and beyond to the international finals. Regardless of how they perform, Hatley says she and the other parents are planning to travel with their team to the city-wide and regional competitions.
“I’m really proud of the team,” Hatley said. “Last year, the fifth graders didn’t move on, and we had lower expectations; we just went in to learn more and get better. This year, we get to move on and see what the next level looks like.”
Seattle, WA
Redhawks Upset Huskies 70-66, Win Second Straight ‘Battle for Seattle’ — Emerald City Spectrum
With neither team shooting well from the outside at Climate Pledge Arena, the Redhawks outperformed the favored Huskies driving the ball to the paint in the second half, making more plays down the stretch to beat their city rivals for a second straight year.
Seattle, WA
Seattle Seahawks Injury Updates: Status of trio of DBs
There were Seattle Seahawks injury updates on Friday regarding three defensive backs coming out of the Hawks’ overtime win over the Los Angeles Rams on Thursday Night Football.
Seahawks’ Derick Hall suspended one game for stepping on player
Here’s a look at the updates, as well as insight from head coach Mike Macdonald and additional information from ESPN NFL reporter Jeremy Fowler.
• The biggest concern for the Seahawks coming out of the game is safety Coby Bryant, who has a knee injury. Macdonald said in a press conference Friday that Bryant would “get imaged,” meaning undergo an MRI. Fowler reported on social media that, per sources, Bryant is “expected to miss ‘some time’ based on initial tests.”
• Cornerback Riq Woolen has a knee concern of his own, but Fowler reported that it’s “not considered serious” and that, per a source, Woolen “more so got ‘banged up.’”
• Versatile defensive back Nick Emmanwori was evaluated for a concussion late in Thursday’s game, but Macdonald said he cleared concussion protocol.
The Seahawks improved to 12-3 with their win over the Rams, giving them a one-game lead over Los Angeles for both first place in the NFC West and the No. 1 seed to the postseason out of the NFC. The Seahawks also clinched a playoff spot with the dramatic comeback victory.
The next Seahawks game will be at 10 a.m. on Sunday, Dec. 28 on the road against the Carolina Panthers (7-7). Radio coverage on Seattle Sports will begin at 7 a.m. that day with the pregame show.
More Seattle Seahawks coverage
• Macdonald explains Seahawks’ game-winning 2-point decision
• Brock Huard: The reason Sam Darnold was able to beat Rams
• Where Seahawks’ No. 1 seed odds stand after epic win
• Stacy Rost: Seahawks dramatically flip script to beat Rams
• Anatomy of a comeback: How Seattle Seahawks stunned Rams
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