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]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]

You and Bethesda Magazine don't understand tax brackets.

[b]Filers reporting $150,001 to $900,000 in taxable income will pay less income taxes in Tax
Year 2027 when compared to the flat 3.2% tax rate in Tax Year 2026.

The tax break will
be reduced to $0 at $900,000 of taxable income[/b]

https://www.montgomerycountymd.gov/news/montgomery-update-homeowners-could-pay-higher-taxes-under-new-council-plan-eliminate-tax-credit-fewer-families-experiencing-homelessness-public-safety-progress-silver-spring[/quote]
I opened that link and searched for those key words, and I didn't see anything that stated the bolded.  Can you point me to the section and key words?

Also, that link is from Elrich from May 1.  The Bethesda article is the County Council's proposal from May 8.  They are not the same.[/quote]

Sorry it is 
https://montgomerycountymd.granicus.com/MetaViewer.php?view_id=169&event_id=16855&meta_id=221471

Politicians are publishing propaganda on the blog[/quote]
From you sheet:

Maryland Taxable Income
New County Income Tax Rate
$0 to $50,000 2.5%
$50,001 to $150,000 2.8%
Greater than $150,001 3.3%

Not seeing how "the tax break will be reduced to $0 at $900,000 of taxable income".[/quote]

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