A new report says wealthy
Maryland residents may be moving out due to recent tax hikes – a
finding that is sure to escalate the battle over taxing the American
rich.
The study, by the
anti-tax group Change Maryland, says that a net 31,000 residents left
the state between 2007 and 2010, the tenure of a "millionaire's tax"
pushed through by Gov. Martin O'Malley. The tax, which expired in 2010,
in imposed a rate of 6.25 percent on incomes of more than $1 million a
year.
The Change
Maryland study found that the tax cost Maryland $1.7 billion in
lost tax revenues. A county-by-county analysis by Change Maryland
also found that the state’s wealthiest counties also had some of the
largest population outflows.
 
The "LIBERALS" DNA Strand Decoded
As an aside, and not to toot my own horn, but O'Malley shares DNA
traits with all Liberals that, among others, make it
impossible for
them to understand basic economics (see roll-over detail). It's a
pity
then, that given this technology, candidates for public office are not
screened.
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IF they voted Democrat they shouldn't be allowed to leave the state.
ReplyDeleteThe surrounding states should declare a quarantine to prevent "turd for brains" from escaping the area.
How can they eat them if they leave?
ReplyDeleteCasca
The problem is, they settle in one of the more rational states and proceed to f*ck that one up, too. They don't leave their liberal attitudes behind.
ReplyDeleteEvery time someone mentions that rat-bahstid's name I quote the line in Blazing Saddles about wanting the Irish.
ReplyDeleteJust sayin'...
Did Margaret Thatcher know Barack Obama? He stated that, yes, his policies would generate less tax revenue, but it was more "fair" when commenting on increasing taxes on those who made good money. He didn't care about the revenue, just as right now, his yapping about the 'tax cuts for the rich' is just divisive words as the revenue is not significant. I think it was 8.5 days of spending.
ReplyDeletetomw