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Metropolitan DC Local Politics
Reply to "Why is suburban Maryland so leftist?"
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[quote=Anonymous][quote=Anonymous] The reference was to taxpayers, implicitly those who pay the incomes taxes on which the rest of MC live. [b]Top 10% of TPs pay roughly 70% of income taxes. [/b] MC can't survive on low to medium income TPs. What Maryland and MC actually should do is to reduce upper rates and to eliminate Maryland estate tax, eliminating the financial incentive to leave Maryland. States like AZ and FL depend on the arrival of retirees, many of which move there for tax reasons. [/quote] Yes, that's how it works in a system with progressive taxes. Actually that's a very common statistical distribution in general. The top 10-20% of [whatever] buy/use/pay/drink 70-80% of [whatever]. Also, it's absurd to say that the rest of Montgomery County lives on the rich people, but if the rest of Montgomery County actually did, it would be foolish to reduce the rich people's taxes. [/quote]
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