The national Tax Foundation got into a bit of a blogging bout with Gov. Martin O’Malley’s office Tuesday over what the foundation saw as misuse of its tax figures. But another problem with the blog was its use of figures about millionaires. It confuses the 157,000 households with liquid assets of $1 million with the 7,000 or so households which have income of $1 million a year.Read More
Gov. Martin O’Malley challenged a construction executive on Friday to radio debate on increasing taxes on millionaires. Whiting-Turner Executive Dan White said the state should be careful about “unintended consequences” of taxes, but O’Malley said there was no clear evidence millionaires had left because of the tax surcharge on them.Read More
Professor Roy Meyers, the government budgeting expert at UMBC, says the focus of our ongoing stories and comment strings “on the flight/plight of the millionaires is a bit one-sided.”Read More
Higher state taxes don’t lead many residents to leave a state, including affluent taxpayers, a new study says. The report by the Center on Budget and Policy Priorities released Thursday uses several economic studies from academics and think-tanks to debunk the arguments that taxes drive people from states like Maryland, particularly the wealthy.Read More
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