DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
9 comments:
Ummm...perhaps they were fed up with Maryland's high taxes and voted with their feet...moved..ya' think?
That's what's wrong with how states budget. You can't spend money based on what you THINK we will have. Of course investors try to balance gains against losses. Duh! And many smart people put off selling until 2017 to get the Trump tax cuts. I bet that guy still doesn't understand why Trump won. He's stuck in his ivory tower think tank and doesn't understand human emotions.
What? I thought Obama said the American economy was doing great as he left office. Well apparently only the wealthy, and federal employees, did great in Maryland during the Obama economic recovery. Looks like Trump is 100% right, and so are the voters that put him in office.
Given the past 5 years gains in the equity markets, another possible cause may be the 'tax the wealthy' programs started by the O'Malley administration.
The number of 'wealthy' Marylander's filing state income taxes has declined more than 30% since 2009, per the Maryland Comptrollers Office.
Bad investments during a period when the equity markets saw an increase of 100%; or did Maryland's income tax schedule cause relocation to a more tax-friendly state?
Do you think this 'kinda exposes the left's sound bite that the wealthy do not pay their fair share? It sounds to me like, at least in Maryland, the state is riding on the wealthy. A fact most objective people have always realized.
Expectations don't always match reality.
Remember how well OweMalley's 'Millionaire Tax turned out?
People with significant assets have both the means and the incentive to be mobile (to a more tax friendly state) when faced with a targeted confiscation policy and law.
A budget is just a forecast of future revenues and expenses. This is just an example of the forecast being off, just like any other forecast. There will always be unexpected expenses and missed revenue projections, just like any business budget, or even household budgets. No one has a crystal ball on what the future holds. Wouldn't it be nice if someone did?
Hogan is no better than the Democrats that refuse to abide by Maryland's balance budget law. They all keep spending instead of cutting pork / political spending. This proves they are all crooks looking out for themselves. Md should also have term limits.
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