Tag: Randolph May
Don’t misinterpret Mercatus low ranking of Maryland’s fiscal health
In a piece published last week by MarylandReporter.com, Randolph May of the Free State Foundation touted a recent Mercatus Center study that ranked Maryland only 37th best among the 50 states for its fiscal health. It’s important to understand whether this ranking makes sense, particularly when it is so low compared to the state’s AAA bond rating. Maryland is one of 10 states that now have that highest rating from all three major bond rating agencies.
Read MoreMaryland cell phone taxes ranked 12th highest in U.S.
Maryland taxpayers paid higher rates on cell phone taxes than 38 states did in 2012.
Combined state and local taxes on cell phones of 12.77% made Maryland the 12th highest in the nation, according to a study by the DC-based Tax Foundation. With federal taxes added into the mix, that rate rises to 18.59% for Marylanders.
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