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Metropolitan DC Local Politics
Reply to "New MOCo Planning report released "
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[quote=Anonymous]Montgomery continues to drive out all high income taxpayers, on some theory that Montgomery benefits. Taxes, taxes and more taxes. At Federal level, top 1% pay roughly 40% of all Federal income tax revenues, top 5% pay roughly 60%, and top 10% pay roughly 70%. I have no idea whether Montgomery's numbers are similar, but, even if Montgomery's numbers differ by 10% or so, Montgomery screws itself by driving out high income taxpayers. High income taxpayers have options, between nearby Delaware and DC, and second home places like FL. Montgomery taxpayers bear one of the highest tax burdens in the DMV. Maryland's high corporate income tax rates plus Maryland's estate tax make matters even worse. Montgomery must stop spending money and stop pushing more taxes. [/quote]
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