Reply to MoCo looking at increasing income taxes for those making above $150K

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]WTF  $150K here is nothing.  Is this $150K for single filers?

MoCo keeps increasing taxes rather than thinking about cutting the budget.  And the kids are not doing any better year after year of giving MCPS more money.

So sick of this place.

https://bethesdamagazine.com/2026/05/08/straw-vote-divided-county-council-supports-progressive-income-tax-structure/[/quote]

This is funnier:

[quote]The ITOC is a $692 property tax credit for homeowners who claim their home as their principal residence. It used to be automatically applied to qualifying county property tax bills, but homeowners now have to fill out a one-time application to receive it.

Elrich has spoken out on multiple occasions against the proposed elimination of the ITOC, which he says will result in most homeowners paying more than they would under his proposal to raise the property tax rate.

Supporters of the proposed elimination of the ITOC emphasize that the credit does not benefit everyone, including people who qualify but may not be aware of it.

“Unfortunately, it doesn’t provide the credit equally to everyone,” Balcombe said on Friday. “Renters don’t get this credit, it is owner-occupied eligible only.” [/quote]

Renters don't need the credit because they don't pay property taxes in the first place. Idiots.[/quote]

Property taxes are paid from rental income, idiot [/quote]

Renters don’t make rental income. Renters are the ones who have rent costs[/quote]

+1. Rents have nothing to do with property taxes. Some buildings in the county pay nothing in property in taxes. These same buildings have some of the highest rents in the county. Even if there were a connection between rents and property taxes, the market is so soft right now that landlords wouldn’t be able to pass along the cost of a tax increase. [/quote]

Why are some property owners paying no property taxes at all?  Are those basically “subsidized” developers?  In other words, those who promise they set aside a few units with lower rent?  [/quote]

Because Andrew Friedson keeps sponsoring bills to give developers full tax abatements. The number of affordable units isn’t above what’s required for any other development. He is very clear that his intent is to subsidize market rate apartment construction. It’s been an interesting experiment to see the impact (or lack of impact) that property tax breaks have on rents. [/quote]

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