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

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Article #3833

#3833

From: Nick Jacobs
Date: Fri, 16 Dec 1994 13:09

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>In article <1994Dec15.180718.14880@midway.uchicago.edu>,
>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?

That cutesy book is crap. Maryland's top rate (which is paid on most
of your income) is 8%. That's the sum of a "state tax rate" of 5%
and a "county tax" which for most Maryland residents is 60% of
the "state tax", but which varies by county. E.g. in Anne Arundel
county the "county tax" is 50% of the state tax, giving a
total "state+county" tax of 7.5%.

Nick

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From: njacobs@access1.digex.net (Nick Jacobs)
Newsgroups: misc.taxes,dc.general
Subject: Re: DC/VA/MD State taxes? Which is best?
Date: 16 Dec 1994 08:09:14 -0500
Organization: Express Access Online Communications, Greenbelt, MD USA
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