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[quote=Anonymous][quote=Anonymous][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]

Very simple.  I can live in DMV and pay less taxes than I do in MC.  DC and VA are both cheaper overall.  [b]You actually want to create reasonable incentives for rich to live, retire and die in MC.  [/b] The opposite is the case now.  Not only do the rich pay more in income taxes (70% as noted above), but the rich also spend more and our economy is highly dependent on consumption.  Keep the rich here, keep their taxes here, and keep their spending here.  Yes, MC entire reputation of good governance and good schools has been depended on the taxes paid by the top 10%.  If a sizable portion of that top 10% leave, MC is screwed.  [/quote]

No, you do. I don't. There is a long list of things I want to do, and that's not on it.[/quote]

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