The Tax Foundation published a new map Monday showing the migration of income between states in the decade 2000-2010, with Maryland losing $5.5 billion in taxable income along with 66,000 residents.Read More
Tag: Tax Foundation
Government spending in Maryland grew 30.5% over 10 years beginning in 2001, according to a nonprofit group that researches tax policies.
The Tax Foundation report ranks Maryland 19th overall in terms growth of government spending, which spans the administrations of three governors and two political parties.Read More
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.Read More
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
As Republican delegates railed against the proposed state income tax hike Wednesday afternoon, a lone freshman Democrat from one of the most liberal and affluent districts inside the Capital Beltway got up to explain why she too could not vote for the taxes.
“I believe this discriminates against two-income families with children at home,” said Del. Ariana Kelly, a Bethesda mom with two young children at home.Read More
Maryland has some of the lowest taxes in the country, Gov. Martin O’Malley said Wednesday officially announcing plans to call a special session of the legislature to fix a budget impasse — partially by raising taxes.Read More
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