Posted on 03/16/2012 8:17:28 PM PDT by Tolerance Sucks Rocks
Bend over.
Maryland “Freak State” PING!
These guys never learn. This won’t generate more revenue. It will generate less. The people who are targeted will simply leave or find some other way around it.
I think Va. should have a special tax on all people from Md. moving who move in.
The government (state and federal) is attempting to leach every cent out of the populace they can in order to cover the huge deficient compiling daily by the Obama regime.
They won’t have to move very far to be ex-Marylanders, it ain’t a big state
This will work of course because people who are smart enough to make 1/2 M are too stupid to figure out how to establish residency in nearby states while maintaining a weekend home in Md.
Punishing people for being productive has always been a great idea. That has worked so well for California, Michigan, Louisiana and so many other democratic paradises...
Sure. Ask the UK and Kalipornia how much they have reaped from tax increases.
Do you give them a shove back to where they came from?
Swimmers? Add a few snakeheads and it would be a classic movie.
They will never get the revenue. The rich can afford to move and/or hire tax attorney to funnel money.
People are willing to pay more to stay in Maryland? Don’t believe it. If beautiful, sunny California couldn’t pull it off I don’t think Maryland can.
“half Millionaires tax” What is next the “You got a dollar in your pocket tax” Knock it off already with the taxing
Exactly.
“Marylanders making $500K may pay a whole lot more tax”
Let me help a bit with the headline:
“SOME Marylanders making $500K may pay a whole lot more tax”
Others will not, they will either:
1) Move to cheaper states
2) Earn less reportable income
3) Better hide their income
As Maryland will soon find out Tol, people with money have options, and that if you REALLY want to increase government revenues, then you must go after the Middle Class (who have far fewer ways to respond).
High earners in the private sector have talents that are in demand, which allow them to move to another state with more sane tax laws. This is something politicians and public sector unions demanding high taxes always overlook, since the only talent they have is finding ways to confiscate other peoples money.
or maybe they will do as liberals and hide their money in a “non-profit” organization that only has themselves as an officer/employee.
http://www.freerepublic.com/focus/f-chat/2860199/posts
“The last-minute amendment added to the across-the-board tax increase that the Senate approved in favor of a proposal by Gov. Martin O’Malley, a Democrat, to limit personal exemptions and itemized deductions on the top 20 percent of earners.”
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top 20%? I think it’s getting time for me to flee Maryland and go back to my native state of Pennsylvania. It wouldn’t be that much of a commute back to my job in the People’s Republic of Maryland and I understand that PA doesn’t apply their state/local tax to pension income.
Additional benefits would be the ability to vote in PA & have my vote actually mean something and the ability to gas up in PA to avoid the new 6% sales tax O’Malley is proposing to apply to gasoline sales.
you forgot (4) Invest in federally sponsored projects that give them a tax write-off.
Lots of people with Chicago-style connections in MD.
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