Maryland Exodus?


Staff member
Maryland now has a millionaire tax.

The cost of being rich --

I'd like to see how many companies move out of Maryland because of this. Then it will be interesting to see how the Maryland government deals with the impending rise in unemployment.

The Tax Foundation - Maryland Flouts Regional Tax Competition with Historic Tax Hike

Smart move Martin O'Malley. Become the highest taxed state in the US.

Regardless of whether or not many businesses leave Maryland, I don't see how anybody considering moving there to start a business wouldn't look elsewhere. I can't see this helping create more jobs in any way.



Guardian of the Light
that definitely wasn't a smart thing to do, too many millionaires are going to move out and they'll end up getting less money.


For a Free Scotland
Interesting move, considering it only strengthens Virginia's claim to most of the business, real estate tax, and employment that flows out of DC as the government expands.


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I'm willing to bet that very few move away, and that Maryland ends up collecting far more in tax revenue, after all. Anyone who takes taxes as the main factor in deciding where to live or do business, and who has a significant amount of cash, is currently in Dubai or some such. As long as Maryland maintains the quality of life in their state, has skilled employees, and has people with a demand for goods and services, they should do just fine (or thrive, even).
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Staff member
This was a result of the Maryland tech tax being ousted.

Maryland was going to make a 6% sales tax on all computer services performed in the state. (I'm not sure if that included computer or computer parts sales or not)

Since that didn't pass, they made a new tax bracket instead.


Hell, It's about time!
Maryland is a small state too. It would be very easy to up and move a buisness to DE, VA, PA or WV just to avoid the higher tax bracket.


not a plastic bag
common sense is dead. Some other State tried this or something similar. I think New Jersey. So after the millionaires left they passed the tax on to people making less money! So now it is the 500K tax bracket. Look at that NE region and most of those states have heavy taxes and most of them have slow population growth. The exception is NH that has low taxes and an above average population growth. duhh..