I agree they don't support homeownership enough, but there isn't enough land to build a ton more SFH. Condos are problematic from this standpoint and also not that desirable for people. |
You’re either not paying attention or you’re a political hack. Even Montgomery Perspective spoke well of the Jawando budget and they almost never write anything positive about what he does. |
“We’re out of land” is a bad take. Developers are adding townhouses now and plenty more townhouses could replace some of the empty office parks in mid-county. People want to settle here. It’s a desirable market for putting down roots. Other markets are more desirable for renters, and we know this because rents are higher in those markets. |
From you sheet: Maryland Taxable Income New County Income Tax Rate $0 to $50,000 2.5% $50,001 to $150,000 2.8% Greater than $150,001 3.3% Not seeing how "the tax break will be reduced to $0 at $900,000 of taxable income". |
DP. It’s just math. At $900,000, the tax increase about $150,000 negates the lower marginal rates below $150,000. |
The notion that Friedson "always votes against taxes" is a joke. Friedson aggressively votes for tax reductions for developers...which makes tax increases for the rest to balance the books inevitable. He does little in committee to stop the tax increases or to ensure that workable/staff-reviewed alternatives are placed in front of the full council for a vote. |
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I love how staff did a table workup of the difference in income taxes only when comparing the Executive's proposal to the County Council President's proposal:
Table 4: Comparing Estimated Average Changes to Tax Bill Maryland Taxable Income || Executive’s Proposal || Council President’s Proposal Less than $50,000 || + $22 || - $153 $50,000 to $149,999 || + $76 || - $454 $150,000 to $299,999 || + $193 || - $750 $300,000 to $499,999 || + $353 || - $697 More than $500,000 || + $1,253 || + $203 That's only for those who aren't owner-occupants. When adding back the increased tax paid with elimination of the $695 ITOC, we get to: Maryland Taxable Income || Executive’s Proposal || Council President’s Proposal Less than $50,000 || + $22 || + $542 $50,000 to $149,999 || + $76 || + $241 $150,000 to $299,999 || + $193 || - $55 $300,000 to $499,999 || + $353 || - $2 More than $500,000 || + $1,253 || + $898 Great for those earning above $300k and netting $355 to their favor from Natali Fani Gonzalez & Co. when comparing the two plans. Quite a different picture, especially for older/fixed-income owners and those struggling to make ends meet with the dream of homeownership in east county/upper central county/mildly clustered far west county. Completely special-interest-owned ass-hats. |
I support this clarification. Friedson is extra zealous in reducing taxes for the people who donate money to him. In his own committees, he only increased spending. |
Sure, MAGA.
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What kind of imbecile thinks you can only give homeowners tax credits? |
Yes, they are building townhouses. Is your argument that they are building tons of townhouses but are being stopped from building enough? Or just that they shouldn't build rental apartments? |
The median HHI for homeowners is $177k. There are other tax credits for homeowners with low incomes and who are elderly. I certainly support expanding them. I do not support the county continuing to spend $140 million per year to subsidize homeownership for the wealthy. |
This is exactly what is happening in Arlington, too. Tax breaks for developers so they can attract more people who actually can’t afford to live here, all sponsored by the average citizens in the middle. |
Townhouses pay higher impact fees than any other type of housing. Using the same logic that apartment developers used to get their fees cut and property taxes forgiven, they’d be able to build more townhouses if they weren’t tax and fee burdened. |
What until you find out about the 10-figure subsidies Andrew Friedson did for penthouses that aren’t affordable unless you make $400k a year. |