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Maryland Assembly OKs $260M tax hike, teacher pension shift
Washington Times ^ | May 16, 2012 | David Hill

Posted on 05/17/2012 7:28:51 AM PDT by C19fan

The Maryland General Assembly passed a $260 million tax increase Wednesday as it adjourned from a three-day special session that ended with Gov. Martin O'Malley saying he will bring lawmakers back for another session this summer.

The House gave final approval to two bills that will raise income taxes and shift a portion of teacher pension costs to counties to balance the state’s $35.5 billion budget, which is nearly $1 billion larger than last year’s spending plan.

(Excerpt) Read more at washingtontimes.com ...


TOPICS: Business/Economy; Crime/Corruption; Government; News/Current Events; US: Maryland
KEYWORDS: martinomalley; maryland; md2012; omalley; taxandspend; taxes; taxincrease
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The bad is part is leftie Marylanders will now move into NoVa screwing up that area even more.
1 posted on 05/17/2012 7:29:01 AM PDT by C19fan
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To: C19fan

A good first attempt by the Democrat Socialists in Maryland to bring their state down economically ... but they still have a way to go to catch up with the Democrat Socialists in California who have developed the practice of hurting their citizens into a fine art.


2 posted on 05/17/2012 7:35:31 AM PDT by glennaro
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To: C19fan
Maryland Assembly OKs $260M tax hike, teacher pension shift

Maryland has decided to become GREECE.

3 posted on 05/17/2012 7:35:38 AM PDT by Uri’el-2012 (Psalm 119:174 I long for Your salvation, YHvH, Your law is my delight.)
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To: sickoflibs

Ping.


4 posted on 05/17/2012 7:37:01 AM PDT by ConjunctionJunction
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To: C19fan

Per Fox this morning, they are raising taxes on the “rich” making 4100K or more and couples making $150K or more. Looks like the “rich” are getting poorer instead of richer. One guy even wondered if Obama will revise “rich” from $250K down to $100K if given a second term...


5 posted on 05/17/2012 7:39:08 AM PDT by trebb ("If a man will not work, he should not eat" From 2 Thes 3)
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To: C19fan

Greece is the word, is the word, is the word...........


6 posted on 05/17/2012 7:39:35 AM PDT by Red Badger (Think logically. Act normally.................)
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To: UriĀ’el-2012

It’s Greek to me.............


7 posted on 05/17/2012 7:40:06 AM PDT by Red Badger (Think logically. Act normally.................)
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To: C19fan

taxing neighbors out for 100 years


8 posted on 05/17/2012 7:40:45 AM PDT by SF_Redux (Sarah stands for accountablility and personal responsiblity, democrats can't live with that)
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To: C19fan

What’s the increase?


9 posted on 05/17/2012 7:41:21 AM PDT by AppyPappy (If you really want to annoy someone, point out something obvious that they are trying hard to ignore)
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To: C19fan
Lawmakers voted 77-60 in favor of a bill that will raise income-tax rates and lower the value of personal exemptions for single residents making more than $100,000 and couples making more than $150,000.

Wow that's aggressive.
10 posted on 05/17/2012 7:42:31 AM PDT by Vision ("Did I not say to you that if you would believe, you would see the glory of God?" John 11:40)
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To: SF_Redux
Having moved FROM maryland to Utah recently, I can only laugh now at the foolishness of the festering putrid liberal asshats of maryland ( THE Freak state). Bwahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahaha!
11 posted on 05/17/2012 7:44:38 AM PDT by hal ogen (First Amendment or Reeducation Camp?)
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To: C19fan

Oddly enough, this bill screws liberals more than conservatives. Liberals are more likely to have two spouses working. It’s pretty easy to get to that 150K level with both spouses having cushy Federal jobs. Conservatives are more likely to have the wife not working or working part time.


12 posted on 05/17/2012 7:45:35 AM PDT by Our man in washington
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To: Our man in washington

I wouldn’t take the state of Maryland if you gave it to me.


13 posted on 05/17/2012 7:48:15 AM PDT by Eric in the Ozarks
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To: C19fan

It’s not a 260M tax hike...it’s 260M PLUS the increased county taxes where you live to cover the shift of the teacher pension costs.

Basically the legislature just enabled O’Malley’s theft of previously paid tax dollars that was supposed to go to teacher’s pensions.


14 posted on 05/17/2012 7:55:47 AM PDT by Abundy
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To: C19fan
You folks are missing the real killer, here:

shift a portion of teacher pension costs to counties

And how, pray tell, will the counties pay for these teacher pension costs?

Why, they'll have to increase their income taxes.

Yes, folks: Maryland counties have an income tax, of approximately 3% of one's state income tax. Watch that rate go up over the next couple of years ... on everybody.

How convenient ... State government can claim it "only" raised taxes on "the rich" while brushing the county tax increases under the rug.

DemocRats are liars.

15 posted on 05/17/2012 7:56:06 AM PDT by ArrogantBustard (Western Civilization is Aborting, Buggering, and Contracepting itself out of existence.)
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To: hal ogen

we are in process of moving down south so we can save on taxes ..here in PA we will go from $3780. per year to 5x bigger property to only $143. per year on property tax


16 posted on 05/17/2012 8:01:38 AM PDT by SF_Redux (Sarah stands for accountablility and personal responsiblity, democrats can't live with that)
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To: C19fan

Maryland has nothing but contempt and scorn for private enterprise. Manufacturing was forced out long ago.

Delicious irony, the overwhelming majority of those facing the income tax hike will be govt employees, unions, medicine, and academia. These are the hard core of the left in this Marxist hellhole, and MD’s sole substantial industry.

Let that obscene belt of faux wealth girdling DC take a hit. Chickens, come to roost. Eff this place.

Sorry for the rant.


17 posted on 05/17/2012 8:05:11 AM PDT by Stalwart
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To: C19fan

I left MD 5 years ago and ain’t lookin’ back. Florida baby!! No state taxes and a county that gave McCain 60% against Barry.


18 posted on 05/17/2012 8:05:51 AM PDT by Mustard
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To: glennaro

It seems that State parasites are trying to feed off what are mostly Federal Gov’t parasites....


19 posted on 05/17/2012 8:10:33 AM PDT by PGR88
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To: Eric in the Ozarks

-— I wouldn’t take the state of Maryland if you gave it to me.-—

Maryland, the other Massachusetts.

At least it’s warmer down there.


20 posted on 05/17/2012 8:17:19 AM PDT by St_Thomas_Aquinas (hViva Christo Rey!)
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