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Reply to "Taxes in MD versus VA"
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[quote=Anonymous][quote=Anonymous]Taxes are not always lower in one vs the other. It depends. Check this out, though it was analyzed before the latest federal tax changes: [url]https://ggwash.org/view/8404/taxes-lowest-for-dc-residents-and-car-free-virginians[/url][/quote] OP said that he makes close to a million dollars a year. VA income tax (which is not deducible anymore if you have a decent house) is capped at 5.75%. In MoCo you pay state and county, so the max in say Potomac is 3.2% for MoCo and 5.75% for MD. So, that's $32k more just for living in MD. The VA car tax does not make up for that. [/quote]
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