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Read the article. It is talking about the state tax in Maryland, which is on top of federal income taxes.
by randomwalker 17y ago
Read the article. It is talking about the state tax in Maryland, which is on top of federal income taxes.
- trezor 17y agoI did reread the article, but not knowing Maryland and not knowing the US tax system I can't say how much of a increase this really was. All the article says is "raising the top marginal income-tax rate to 6.25%". It says nothing about what it was so I'm kinda short on data. Anyway: If you have a million dollar income, the loss of 6.25% of that would be 100% insignificant to your experienced wealth. Because seriously, you are making a million dollars.