Wealthy taxpayers and job-creating businesses fled Maryland at an accelerating rate as then-Gov. Martin O’Malley implemented a long list of tax hikes during his first five years in the state capital.
More than 18,600 tax filers left Maryland with $4.2 billion in adjusted gross income from 2007 – O’Malley’s first year as governor — through 2012, according to a Daily Caller News Foundation analysis of the most recently available Internal Revenue Service state-level income and migration data. The wealth of the fleeing Marylanders increased significantly during that time.
O’Malley raised taxes 40 times at an estimated cost to Maryland residents of $9.5 billion. The O’Malley tax blitz is widely credited with the 2014 victory of Republican Larry Hogan, only the second GOP governor in the deep-blue state in nearly 60 years.