Tag: Taxes
Income tax hike unlikely in Maryland – this year, anyway
Some Democratic lawmakers in Maryland are proposing a set of income tax hikes this year, but even bill sponsors have admitted that getting their colleagues on board will likely be a long-haul effort.
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Maryland leaders play down prospects of tax hikes
Marylanders worried that talk of looming billion-dollar state deficits could lead to tax hikes got some reassuring words Wednesday from the Democratic governor and Senate president. “Any conversation around taxes, people need to understand that my bar for that is very, very high,” Gov. Wes Moore told reporters.
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Franchot pushes state tax credit for Ukraine contributions
By STEPHEN NEUKAM ANNAPOLIS — Maryland Comptroller Peter Franchot is urging legislative leaders to...
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Md. taxpayers deserve to get back a bigger slice of the surplus pie, not just a few crumbs
This week, the Maryland House of Delegates will take up a package of tax cuts proposed by the Democratic majority. Yes, you read that correctly. Some Maryland Democrats are advocating for tax cuts this year.
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Franchot says he favors ‘tax breaks’ to encourage vaccinations
@BryanRenbaum Comptroller Peter Franchot said Monday that he supports giving small tax breaks to...
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Lawmakers unveil revenue bills aimed at making the state’s tax system more equitable
Several of Maryland’s most progressive lawmakers introduced a series of revenue bills on Friday that they say would provide the state an estimated $1.4 billion annually and make its tax system more equitable.
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IRS extends tax deadline; interest waived on some student loans
Trump’s relief falls short of that desired by the Senate; where both Democrats and Republicans want borrowers’ loan payments to be suspended.
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Surprise: Democrats propose more taxes as poll finds Marylanders think they’re already too high
Stupid me for not reading the fine print when legislative leaders said they were not going to raise tax rates.
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Hogan proposes more than $1 billion in tax cuts for retirees
Retirees who make $50,000 a year or less “will pay no state income tax whatsoever” under the Retirement Tax Reduction Act of 2020, Hogan said. Retirees who make less than $100,000 a year would see their state taxes decrease from 50 to 100 percent, he said.
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What to do about Baltimore’s high taxes
What to do about Baltimore’s high taxes? It is an old question perplexing Maryland political leaders, but with new urgency. And there have been precious few new answers. Some ideas were floated at a recent policy debate.
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Hogan, Franchot tout $200M tax refund, but judges and Howard County couple deserve credit
Republican Gov. Larry Hogan and Democratic Comptroller Peter Franchot were at the podium in the State House Monday taking credit for a $200 million income tax refund that 55,000 Marylanders could apply for.
But it was actually judges on the U.S. Supreme Court and Maryland’s Court of Appeals that should have been standing there, or even better Brian and Karen Wynne of Howard County who deserved the credit.
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IRS data again shows taxpayers leaving Maryland
Recently released data from the IRS shows that about 5,500 more taxpayers left Maryland in 2012 than moved to the state.
Long-cited by tax critics as annual data that show the migration of taxpayers to lower-taxed states, some experts caution that not too much should be read into year-to-year changes.
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