January 16, 2015
Those earning the most in Maryland pay the lowest share of their income in state and local taxes, at just 6.7 percent, according to the Institute on Taxation and Economic Policy’s (ITEP) new “Who Pays?” report. Those in the top 1 percent, making over $481,000, pay the least in sales and excise taxes and property […]
January 15, 2015
“Maryland ranked as the 38th least “unfair” state in Institute on Taxation and Economic Policy’s semi-annual taxation report, published on Wednesday. This means Maryland’s tax policies are considered more fair than three-quarters of the states. The report “Who Pays” outlines the percentages of local and state taxes as a percentage of income for all 50 […]
January 5, 2015
According to the Institute on Taxation and Economic Policy, drivers in four other states could potentially see a similar motor-fuel tax increase to benefit state transportation. However, in light of the recent drop in gas prices, local motorists are not as concerned about the uptick. Read more
July 31, 2014
Working Marylanders with the lowest earnings will pay slightly less of their income in taxes — 9.9 percent compared to 10.1 percent now – once the expansion of the state’s Earned Income Tax Credit is fully phased in, according to a new study. That’s a small change, and the top 1 percent of income earners […]
May 12, 2014
By the Editorial Board, May 12, 2014 With varying degrees of aggressiveness and specificity, all seven candidates for governor are pledging to change Maryland’s tax code. The ideas range from eliminating the income tax altogether (Republicans David Craig and Charles Lollar) to raising taxes on millionaires and multi-state corporations to pay for cuts for small […]
April 28, 2014
Tax Day is a good day to remind ourselves that taxes allow our state to make investments that benefit our economy and all Maryland’s residents, and that we must continue to work to make our tax code fairer. Read the Full Report
March 21, 2014
While state lawmakers in Annapolis discuss cutting important services and investments in an effort to balance Maryland’s state budget, we got further evidence today that large, profitable corporations are able to avoid paying their fair share of state taxes that support those services and investments. According to a new report, the 269 Fortune 500 companies […]
February 26, 2014
Maryland residents filling out their tax forms and paying their monthly utility bills might be surprised to find out that one of the companies that 526,000 of them write checks to has been dodging its fair share. Read the Full Report
February 18, 2014
(Original Post) The proposed mandatory unitary combined reporting bill in Maryland that ruffled some critics’ feathers last week might have some backers after all. The idea of corporations filing consolidated income tax returns isn’t anything new since most states with corporate income taxes require combined reporting, Carl Davis, senior policy analyst at Institute on Taxation […]
November 5, 2013
(Original Post) Posted: Tuesday, November 5, 2013 1:03 am | Updated: 1:21 am, Tue Nov 5, 2013. With a new Amazon.com facility opening in Baltimore in 2014, online consumers in the state could soon be paying an additional 6 percent sales tax for online purchases. A physical presence in the state means state officials will […]
August 21, 2013
An 18-cent disparity in the cost of a gallon of gas between Maryland and Virginia appears to support predictions of radical price changes after lawmakers in both states took widely different approaches to raising transportation funding through gas taxes this year.
April 2, 2013
(Original Post) Posted on March 31, 2013 By AMBER LARKINS ANNAPOLIS — Charlie Kidwell, who has owned FreeState Auto and Truck Service in Capitol Heights for nearly 25 years, said his business will be hurt by Gov. Martin O’Malley’s gas tax hike, which passed the Senate Friday. The Infrastructure Investment Act of 2013, which passed […]
March 21, 2013
(Original Post) March 21, 2013 ANNAPOLIS, Md. – Proposals to increase the gas tax in Maryland appear to be gaining steam. The House of Representatives is debating legislation this week that could increase the tax by nearly four cents a gallon by this summer. Tax policy analyst Carl Davis is with the Institute on Taxation […]
March 13, 2013
(Original Post) Posted: Wednesday, March 13, 2013 12:41 pm By CRAIG O’DONNELL [email protected] ANNAPOLIS – When the week began, there was just one month left in the General Assembly session. On Monday, Del. Jay Jacobs, R-36-Kent, summed up the session. “Looking at what we have to deal with … it’s undoable, almost,” he said. “This […]
January 4, 2013
(PDF of Original Post) TUESDAY, NOVEMBER 24, 2009 By Stateline.org Staff Reports A headline in this morning’s Baltimore Sun — “Maryland lost nearly 30% of millionaires last year” — is sure to revive a debate over the higher tax rates that Free State legislators imposed on millionaires in 2008. At least eight other states this […]
January 4, 2013
(PDF of Original Post) Elizabeth Marsh Cupino Originally published December 10, 2009 Set up a roadblock. Put out an APB. Maryland’s comptroller has reported that the number of millionaires in the state dropped by 30 percent in 2008 and that some wealthy residents might be trying to make a break for it. We can’t have […]
January 4, 2013
(PDF of Original Post) Thursday, October 28, 2010: Fact Check If it seems counterintuitive that a candidate would be pushing for a big tax increase as a way of winning office this election year, it is — and, in Maryland’s 1st congressional district, it’s also counter to the truth. Ads launched by Rep. Frank M. […]
January 4, 2013
(Original Post) Posted: 03/31/11 09:21 PM ET Virtually every state in the country has a tax system that heavily favors the rich. Despite this fact, only a handful of states responded to the revenue slump brought on by the Great Recession with any sort of tax increase on this favored group. What gives? With so […]
January 4, 2013
(PDF of Original Post) Posted at 7:26 PM ET, 03/10/2011 By Aaron Davis Add the millionaire’s tax back into the mix of Maryland’s budget battle. A bill that would permanently return the state’s top-tier tax bracket to 6.25 percent received a hearing Thursday in front of the House Ways and Means Committee. The tax increase […]
January 4, 2013
(PDF of Original Post) March 11, 2011 By Megan Poinski [email protected] Several tax watchdogs and policy analysts concerned about the state of Maryland’s economy and buoyed by a new report urged delegates to revisit a just-expired method of raising more money — extending the tax surcharge on millionaires. Enacted in 2008, the “millionaires’ tax” taxes […]
December 21, 2012
by Len Lazarick August 12, 2011 Professor Roy Meyers, the government budgeting expert at UMBC, says the focus of our ongoing stories and comment strings “on the flight/plight of the millionaires is a bit one-sided.” Meyers is afraid that the discussion of Maryland’s tax structure will go down the sorry path of the national debate, […]
December 21, 2012
Original Post Groups say funds needed for roads, transit, pollution cleanup By Michael Dresser and Timothy B. Wheeler, October 25, 2011 Two groups charged with figuring out how the state can pay for new roads, a cleaner Chesapeake Bay and other key functions of government suggested the same basic answer Tuesday: Marylanders should be asked […]
December 21, 2012
October 27, 2011 by Megan Poinski Although the next legislative session is still a couple months off, it’s becoming apparent that new taxes will be one of the central issues before the General Assembly. The Blue Ribbon Commission on Maryland Transportation Funding formally recommended a 15-cent per gallon gas tax increase phased in over three […]
December 19, 2012
(Original Post) PSC hearings draw out some of same issues as the occupy movement November 05, 2011|By Jean Marbella, The Baltimore Sun You might have seen the news footage of the guy in the orange construction vest who a couple of weeks back angrily yelled at the Occupy Baltimore encampment that he was “working his […]
December 19, 2012
Posted December 8, 2011 By Len Lazarick MarylandReporter.com A new study finds that at least 68 profitable corporations paid no state income taxes anywhere in the country in one of the last three years, according to their annual reports and official government filings. Among the major companies on the list that do significant business in […]