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Article #3828

Re: DC/VA/MD State taxes? Which is best?

#3828
From: Francis A. Ney, Jr.
Date: Tue, 20 Dec 1994 22:17
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In article <3d4nvt$dsp@news.cais.com> marko@pulse.com writes:

> 
> Ted Frank <thf2@midway.uchicago.edu> wrote:
> >I scoured bookstores in the DC area, and could not find a single book
> >to answer this question. Sure, there were cutesy books that mentioned
> >that DC has a top rate of 10% and Maryland and Virginia both have top
> >rates around 6%, but are these graduated or what? And if so, how much?
> 
> Virginia's top income tax rate is 5.75%.  It is graduated, but it rises
> to the maximum quite a bit faster than the Federal tax.  I don't have
> the exact figures handy.

Top rate is $470 plus 5.75% over $18,000.

> 
> One nice thing about Virginia tax is that there is no "marriage
> penalty."

You also get your schedule A deductions.

---
Frank Ney  EMT-A  N4ZHG  LPVa  NRA GOA CCRKBA LEAA JPFO 'M-O-U-S-E'
                        Don't Tread On Me
"People who object to weapons aren't abolishing violence, they're begging for 
rule by brute force, where the biggest, strongest animals among men were 
always automatically 'right.'  Guns ended that, and social democracy is a 
hollow farce without an armed populace to make it work." 
                - L. Neil Smith, _The Probability Broach_
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From: croaker@access.digex.net (Francis A. Ney, Jr.)
Newsgroups: misc.taxes,dc.general
Subject: Re: DC/VA/MD State taxes? Which is best?
Date: 20 Dec 1994 17:17:40 -0500
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