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Metropolitan DC Local Politics
Reply to "Marylandfication of Virginia"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]It looks like the state legislature wants to copy Maryland’s failed policies in Virginia. Here’s a summary of some of the disastrous laws proposed this year. HB378: will implement a state level net investment income tax and drive residents out of Virginia. https://lis.virginia.gov/bill-details/20261/HB378 HB537: Will threaten public safety by allowing violent felons that are arrested for another felony to be released without a bond. https://lis.virginia.gov/bill-details/20261/HB357 [/quote] You missed the new bill that was introduced to raise the top tax rate to 10%ish for those earning $1M+ Ironically this means you’d pay less income tax all-in in moco even with the county tax if this passes. We might see a decent amount of “wealthy” leave since moco is closer to the privates and has nicer housing stock in CCMD, Bethesda, etc vs McLean and Arlington at those price points. Or they’ll call it even with DC given the free pre-k there and move to NW. [/quote] And what makes you think that progressive Maryland politicians will not propose its own wealth taxes to match VA?[/quote]
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