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To: outofsalt

Yep, a lot. I’m in a relatively high income tax state (Maryland) and a high property tax county (Howard) so I’m going to take a hit. But I’m for elimination of the SALT deduction as that will be best for the economy and nation as a whole. We’ll live and make adjustments.


9 posted on 11/30/2017 2:45:01 PM PST by House Atreides (BOYCOTT the NFL, its products and players 100% - PERMANENTLY)
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To: House Atreides

Virginia has personal property tax, income tax and sales tax so no individual tax seems high but, when you combine them... Of course, that’s not even counting excise taxes such as prepared foods, tobacco, hotels, gasoline, telephone and who knows what else they’ve tucked away.


24 posted on 11/30/2017 3:02:14 PM PST by outofsalt ( If history teaches us anything it's that history rarely teaches us anything)
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To: House Atreides; LostInBayport
Maryland had a millionaire’s tax for a few years. The state took in a smaller amount of state income tax the following year. They would not publish the number of returns filed by millionaires the year before and the year after the law went into effect.

There may have been a lot of millionaires who found that living in Florida for 6 months and one day was very nice.

27 posted on 11/30/2017 3:08:03 PM PST by Freee-dame (Best election ever.)
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