|
With federal tax day approaching, Washington area families are also contending with a high state, county and local tax burden, with a typical household in some Maryland suburbs facing more than $15,000 in combined non-federal taxes, while Northern Virginia families get off a bit easier at about $13,000.
[...]
There are marked philosophical differences between how area jurisdictions tax residents. In Maryland counties, unlike Virginia, the 6 percent sales tax does not apply to groceries. But the higher taxes overall are driven by Maryland counties’ ability to impose a local income tax - 3.2 percent in Montgomery and Prince George’s. Combined with a state income tax rate of about 4.75 percent, most employed Marylanders in the D.C. suburbs end up paying nearly 8 percent on every dollar earned.
Blog Stats
Number of posts: 38221
Number of Comments: 44342
Last: 02/23/2012 05:04 pm
Guests online: 28
Members logged on:
mbillard
RSS 2.0
Atom
Follow us on Twitter
Follow us on Facebook
Delusional Duck has been visited 15151858 times. Thanks for supporting us.
Home | Discussion Forums