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Money and Finances
Reply to "Taxes--Md v. VA"
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[quote=Anonymous]I happen to have our last year's MD taxes open so can easily report our tax burden in MoCo: Taxable income: $470k. Taxes: $40k, so about 8.5% tax rate. That year, we were married couple, no children, have a mortage on a house. This year we have a dependent so will be interseted to see how it pans out. Given our income level, I'd say 8.5% is about the worst-case scenario ... the burden should be less at lower levels.[/quote]
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