Maryland’s General Assembly on Monday raced to approve a package of tax increases on six-figure earners, commercial real estate deals, tobacco products and even death certificates, pleasing unions and advocates for the poor but drawing protests from minority Republicans.I guarantee you if Jerry Brown had a couple fewer Republicans in the California State Senate he'd be doing this too.
The higher taxes — mostly in the form of raised income-tax rates — would add up to hundreds of dollars in new costs annually for Maryland couples reporting combined income above $150,000. For those reporting income above $1 million, the additional annual tab would stretch into the thousands.
The tax hikes would be retroactive to Jan. 1, meaning current payroll deductions for affluent Marylanders may not cover the tax bills residents will face next year.
Tuesday, May 15, 2012
Posted by Rick Moore on 5/15/2012