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[quote=Anonymous][quote=Anonymous][quote=Anonymous]We are in the same situation. We live in Rockville so we pay taxes for Rockville, Montgomery County, Maryland, as well as the federal government.

I think the thing is the billionaires need to be taxed. And not have all those loop poles. It would not make one difference in their lifestyle to increase their taxes and it would make such a difference to America's budget.[/quote]

You also pay MD state income taxes, don't forget those. Those are particularly annoying because there are few tax-efficient strategies at the state level.

As for billionaires, a lot of their money is in wealth not income, and our tax system is based on income.

They also happen to be highly mobile, so they will move to better tax jurisdictions. Higher taxesin MD and MoCo have caused the wealthy to leave and decimate the tax base:
https://montgomeryperspective.com/2025/04/11/marylands-wealth-drain-part-six/
[/quote]

Buh-bye! Don't let the door hit you in the way out. [/quote]

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