Reply to David Blair for MoCo executive

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Take note.  Top 10% pays close to 70% of ALL income taxes paid.  If you lose them, you lose substantial income tax revenues.  And MoCo is losing them.[/quote]

This is absolutely true.   There are varying reasons why people are leaving, not the least of which is much of that demographic is older and are retiring to other places.   But there are also those who want to leave because the county has lost its mind. [/quote]

We know many in the top 5% - private sector  very big taxpayers leaving, some even school age kids - between taxes and schools closed. (even private schools & sports are more closed than rest of country) Others  while kids going to college, still would have worked for 15+ years in private sector And  stayed in the county  - they are leaving.  Some of the very high end houses haven’t increased that much in value, so we know of people who selling without any real gain but like pp said, they have the means to have choices and take losses 
[/quote]

Any understanding of the state budgets of CA and NY will show that those states are highly dependent upon the top 5%, if not top 1%, for income tax revenues.  Maryland and Montgomery County need to avoid losing the big taxpayers.[/quote]

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