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Texas vs. Maryland: Opposing Economic Strategies
American Legislator ^ | 9-24-13 | Ben Wilterdink

Posted on 09/24/2013 3:00:20 PM PDT by ThethoughtsofGreg

Recently, Texas Governor Rick Perry and Maryland Governor Martin O’Malley had a verbal sparring match on CNN’s Crossfire. Both participants mentioned various statistics and claimed the mantle of economic success for their states. However, the two strategies are nearly polar opposites.

Governor O’Malley’s strategy has been to increase government spending in an effort to create jobs. Unfortunately for Maryland residents, high levels of spending require much higher levels of taxation. Maryland has one of the highest combined state and local personal income tax rates in the nation at 8.95 percent on top earners and its corporate income tax rate is nearly as high at 8.25 percent. Additionally, Maryland is not a Right-to-Work state and still levies both a death tax and an inheritance tax.

On the other hand, Governor Perry has taken a much more hands-off approach to growing the Lone Star State’s economy. Texas focuses on reasonable regulation and limited taxation. In fact, Texas is one of nine states that does not levy a personal income tax on wages. Texas also does not have a traditional corporate income tax rate. It does, however, levy a one percent margins tax on businesses that have more than $1 million in gross receipts. Finally, Texas is a right-to-work state and does not levy a state death tax or an inheritance tax.

(Excerpt) Read more at americanlegislator.org ...


TOPICS: Business/Economy
KEYWORDS: jobs; maryland; taxes; texas
TX or MD? I say TX all the way!
1 posted on 09/24/2013 3:00:20 PM PDT by ThethoughtsofGreg
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To: ThethoughtsofGreg
I love those Rick Perry ads that address Maryland businessmen that say if you're tired of burdensome taxes, fees and regulations, move to Texas.

spot on!

2 posted on 09/24/2013 3:05:08 PM PDT by Tula Git (There IS a coup in America and it's on track and almost complete.)
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To: ThethoughtsofGreg

The insult is comparing the lowly Maryland to Texas in the
first place. Mary Land is chump change compared to Houston
alone much less the rest of the state. Did Mary Land ever
get paved roads, indoor plumbing and electricity?
I think it would be better that Mary Land be compared to
Mexico. Even then it would be a stretch.


3 posted on 09/24/2013 3:08:34 PM PDT by Slambat
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To: Tula Git

Why do they show OweMalley and Noot?


4 posted on 09/24/2013 3:08:58 PM PDT by Tula Git (There IS a coup in America and it's on track and almost complete.)
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To: Slambat
"The insult is comparing the lowly Maryland to Texas in the first place. Mary Land is chump change compared to Houston alone much less the rest of the state. Did Mary Land ever get paved roads, indoor plumbing and electricity? I think it would be better that Mary Land be compared to Mexico. Even then it would be a stretch."

AS a resident of Mary Land, let me say this about that...

>

..I totally agree.

5 posted on 09/24/2013 3:12:19 PM PDT by Tula Git (There IS a coup in America and it's on track and almost complete.)
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To: ThethoughtsofGreg
Governor O’Malley’s strategy has been to increase government spending in an effort to create jobs.

That does not make jobs that produce anything. It just makes governments bigger and taxes higher. O'Malley is an idiot.

6 posted on 09/24/2013 3:27:38 PM PDT by Rapscallion (Vlad the Impaler proposed no path to citizenhip. Consider that.)
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To: ThethoughtsofGreg

Hella debate by Perry.

Tough son of a gun.

Proud of Texas.

And I’m proud of him...


7 posted on 09/24/2013 3:33:07 PM PDT by Chasaway (Where are we going and why am I in this handbasket?)
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To: Slambat

I don’t know...Having lived in MD for 36 years of my 48 and having been to Houston on numerous occasions because my brother and his family live in West U in a house that goes for over $2mm. I’d have to say that Texas politics are great but the state is a shithole. Whereas Maryland’s politics SUCK but is a pretty state from shining sea to the majestic mountains. Oh they get you on property taxes in Texas too...my brothers 2 houses(one in Galveston) cost him over $70,000.00 per year IN PROPERTY TAXES. I’ll be there next week as a matter of fact...


8 posted on 09/24/2013 3:36:14 PM PDT by BreezyDog
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To: Chasaway
"Governor O’Malley’s strategy has been to increase government spending in an effort to create jobs. That does not make jobs that produce anything. It just makes governments bigger and taxes higher. O'Malley is an idiot."

The basic fallacy of communist thinking.

The only thing that is thriving in Maryland is government. Those businesses OweMalley talked about, well, yes, they're in Maryland but they're ALL downsizing.

My advice to Maryland businessmen, get out of Maryland before you become extinct.

9 posted on 09/24/2013 3:40:17 PM PDT by Tula Git (There IS a coup in America and it's on track and almost complete.)
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To: BreezyDog
" I’d have to say that Texas politics are great but the state is a shithole. Whereas Maryland’s politics SUCK but is a pretty state from shining sea to the majestic mountains"

That is also quite true.

10 posted on 09/24/2013 3:42:27 PM PDT by Tula Git (There IS a coup in America and it's on track and almost complete.)
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To: Tula Git

I would have to be Leery of any statistic Owe Malley used.

He lies.


11 posted on 09/24/2013 4:21:43 PM PDT by Venturer ( cowardice posturing as tolerance =political correctness)
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To: ThethoughtsofGreg
By nearly every measure, Texas is far outperforming Maryland.

For libtards, it's not about growth, it's about resentment against achievement and punishing the good for being the good. The rich have to be punished and must share the wealth with the parasites to make the libtards feel good inside.

12 posted on 09/24/2013 4:24:40 PM PDT by mjp ((pro-{God, reality, reason, egoism, individualism, natural rights, limited government, capitalism}))
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To: ThethoughtsofGreg

I think it was just a practice debate for O’Malley’s future bid for president, set up by CNN.

He will be a dangerous foe if Hillary flames out. Think of him as Leviathan’s plan B. He’s the backup communist.

This guy is a family man with a squeaky clean background. He grows more polished every year. He is a product of the machine through and through. If he gets the opportunity to do for the country what he’s done for Maryland, we’re toast.


13 posted on 09/24/2013 4:30:40 PM PDT by Stalwart
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To: BreezyDog

BreezyDog: Your brother lives in West U? A wealthy city inside of a city. Multi-Million Dollar homes are quite the luxury. I live in a poor suburb of Houston where my 10 year old brick 2412sq. ft. home is worth about $200,000.00 and my TOTAL property tax is just less than $3,300.00. This is more of the typical home in middle class Texas.


14 posted on 09/24/2013 5:21:33 PM PDT by encm(ss)
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To: encm(ss)

So it’s all relative...they get you coming and going. I live in a smaller house than you that appraises for ~$450K and my property taxes are ~$2300. I take it in the keister with the state and local income tax. The rich are getting raped relatively speaking IMHO...I’d go Galt and move to New Zealand if I had a bunch of money.


15 posted on 09/24/2013 6:35:15 PM PDT by BreezyDog
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To: Tula Git

Tula, why don’t y’all move on down here to Texas. Just bring your furniture and come on down.


16 posted on 09/24/2013 7:10:45 PM PDT by CFIIIMEIATP737
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To: CFIIIMEIATP737
Tula, why don’t y’all move on down here to Texas.

Thanks, but we'uns got too many roots right now to try to break away. Besides, I'm thinkin' about one of them thar gubermint jobs, the only thing that thrives in Maryland.

17 posted on 09/25/2013 5:47:43 AM PDT by Tula Git (There IS a coup in America and it's on track and almost complete.)
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To: encm(ss)
BreezyDog: Your brother lives in West U? A wealthy city inside of a city. Multi-Million Dollar homes are quite the luxury. I live in a poor suburb of Houston where my 10 year old brick 2412sq. ft. home is worth about $200,000.00 and my TOTAL property tax is just less than $3,300.00. This is more of the typical home in middle class Texas.

You guys are scaring me. I live in Maryland, worst of the worst. My house is appraised at $400,000 and my property taxes are $2,500.

Why is Texas so high?

18 posted on 09/25/2013 5:51:15 AM PDT by Tula Git (There IS a coup in America and it's on track and almost complete.)
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To: Tula Git
Why is Texas so high?

No state income tax.

I live in a "wealthy" school district. My property taxes on a $250K house are about 6K. But we pay ZERO in state income tax, whereas we would be paying at least $8K if we lived in Maryland.

19 posted on 09/25/2013 6:04:28 AM PDT by Night Hides Not (The Tea Party was the earthquake, and Chick Fil A the tsunami...100's of aftershocks to come.)
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To: BreezyDog
I’d have to say that Texas politics are great but the state is a shithole.

I take exception to those remarks. Shoot, all your "majestic mountains" are not much more than grassy knolls compared to the Franklin Mountains in El Paso (7000 ft elev).

There's likely a whole lot of Texas that you've never seen.

20 posted on 09/25/2013 6:10:00 AM PDT by Night Hides Not (The Tea Party was the earthquake, and Chick Fil A the tsunami...100's of aftershocks to come.)
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To: Night Hides Not
Yep...I checked it out, and the highest mountain in TX is more than twice the height of the highest in MD. I learn so much here on FR...

Thanks!

21 posted on 09/25/2013 6:43:22 AM PDT by Pharmboy (Democrats lie because they must.)
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To: Pharmboy
LOL! I'm not trying to stir up anything...really! My dad lived in Gaithersburg the last 15 years of his life, and my stepbrother and his family still live there.

As in any state, there are areas that are blighted or not so lovely. I simply took exception to the entire state of Texas being called a $hithole. I have two favorite times of the year: spring, when the bluebonnets and wildflowers appear everywhere, and fall, when it's still temperate enough to go to football games in a t-shirt and shorts.

I couldn't live in MD, though, if only for the horrendous traffic.

22 posted on 09/25/2013 6:52:10 AM PDT by Night Hides Not (The Tea Party was the earthquake, and Chick Fil A the tsunami...100's of aftershocks to come.)
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To: BreezyDog
I have lived in MD and TX, the part of Texas I lived in, the hill country, was way more beautiful than suburban DC.


23 posted on 09/25/2013 6:52:46 AM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: central_va; Night Hides Not
I don't go near DC or Baltimore unless it's for work or a ball game. I'm on the Chesapeake whenever I can, which is quite often. I live 5 miles up The Severn River from Annapolis in Severna Park. This what I use to fish the watershed:


24 posted on 09/25/2013 7:33:14 AM PDT by BreezyDog
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To: Night Hides Not
Why is Texas so high? No state income tax. I live in a "wealthy" school district. My property taxes on a $250K house are about 6K. But we pay ZERO in state income tax, whereas we would be paying at least $8K if we lived in Maryland.

Good to hear.

In Maryland you'd have to be earning 6 figures to pay 8k in taxes.

Good on ya.

25 posted on 09/25/2013 12:24:01 PM PDT by Tula Git (There IS a coup in America and it's on track and almost complete.)
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To: BreezyDog
"I live 5 miles up The Severn River from Annapolis in Severna Park."

Absolutely gorgeous area.

26 posted on 09/25/2013 12:26:01 PM PDT by Tula Git (There IS a coup in America and it's on track and almost complete.)
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