Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote: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/
This is funnier:
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.”
Renters don't need the credit because they don't pay property taxes in the first place. Idiots.
Property taxes are paid from rental income, idiot
Renters don’t make rental income. Renters are the ones who have rent costs
Anonymous wrote:Anonymous wrote:Anonymous wrote: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/
This is funnier:
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.”
Renters don't need the credit because they don't pay property taxes in the first place. Idiots.
Property taxes are paid from rental income, idiot
Anonymous wrote:I think this is a dumb policy, but it's literally only a 0.1% increase. That is only $1,000 more income taxes if you make around 1.15M per year. This is a negligible amount of taxes and most people won't care.
Anonymous wrote:Is there a tax liberals never like?
It is always a taxation problem, never a spending problem. $150,000 isn’t even a lot of money in 2026. They are raising taxes on the middle class. Taxes keep going up, but incomes don't. Maybe the county govt needs to learn to live within its means like all of its residents. Cut jobs, freeze pay increases for the next 5 years, cut pensions, cut benefits and force employees to pay more for their own healthcare. You know, the same crap 99% of Americans face who have jobs outside of the county govt.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote: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/
This is funnier:
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.”
Renters don't need the credit because they don't pay property taxes in the first place. Idiots.
Property taxes are paid from rental income, idiot
+1 what kind of imbecile thinks landlords just eat the cost of taxes instead of passing it on to tenants
Anonymous wrote:Anonymous wrote:I think this is a dumb policy, but it's literally only a 0.1% increase. That is only $1,000 more income taxes if you make around 1.15M per year. This is a negligible amount of taxes and most people won't care.
I care. I have to pay for outside tutoring and therapies for my kids as Mcps is a nightmare so that 300 is much better spent on them than more funding for Mcps whose aready cutting staff and other things for next year.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote: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/
This is funnier:
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.”
Renters don't need the credit because they don't pay property taxes in the first place. Idiots.
Property taxes are paid from rental income, idiot
Property taxes have nothing to do with what rent costs. Rents are set by the market irrespective of costs.
Anonymous wrote:Anonymous wrote:Anonymous wrote: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/
This is funnier:
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.”
Renters don't need the credit because they don't pay property taxes in the first place. Idiots.
Property taxes are paid from rental income, idiot
Anonymous wrote: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/
Anonymous wrote:Anonymous wrote: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/
You and Bethesda Magazine don't understand tax brackets.
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
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
Anonymous wrote:Anonymous wrote:Anonymous wrote:I think this is a dumb policy, but it's literally only a 0.1% increase. That is only $1,000 more income taxes if you make around 1.15M per year. This is a negligible amount of taxes and most people won't care.
Yes and it is a progressive tax. The tax rate is decreasing for others with lower income. This 0.1 % increase will apply to me and I am fine with it if others get a bit more of a break.
OP is misinformed. The income tax is not a problem. The ITOC property tax credit is
o Filers that report less than $135,500 in taxable income and previously received the ITOC
will pay more in aggregate income and property taxes when compared to FY26.
The
aggregate change is $0 at taxable income of $135,500.
o Filers that report $135,500 to $208,000 will pay less in aggregate income and property
taxes when compared to FY26. The maximum benefit is $58 less in aggregate taxes at
taxable income of $150,000.
o Filers that report more than $208,000 will pay more in aggregate income and property
taxes when compared to FY26
Anonymous wrote:Anonymous wrote:I think this is a dumb policy, but it's literally only a 0.1% increase. That is only $1,000 more income taxes if you make around 1.15M per year. This is a negligible amount of taxes and most people won't care.
+1. We make $300K, so this is $300. In Arlington county right now, they are getting increases well above this amount just for their cars alone, not to mention the increases they're also facing in property taxes.
Anonymous wrote:Anonymous wrote:Anonymous wrote: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/
This is funnier:
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.”
Renters don't need the credit because they don't pay property taxes in the first place. Idiots.
Property taxes are paid from rental income, idiot