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Mass Exodus in Maryland After Tax Hike
More than 30,000 Maryland residents have fled the state to escape Democratic Gov. Martin O’Malley’s heavy taxes on the rich, costing the state more than $1.5 billion in lost revenue, a new study has found.
CNBC reports:
The study, by the anti-tax group Change Maryland, says that a net 31,000 residents left the state between 2007 and 2010, the tenure of a “millionaire’s tax” pushed through by Gov. Martin O’Malley. The tax, which expired in 2010, in imposed a rate of 6.25 percent on incomes of more than $1 million a year.
The Change Maryland study found that the tax cost Maryland $1.7 billion in lost tax revenues. A county-by-county analysis by Change Maryland also found that the state’s wealthiest counties also had some of the largest population outflows.
In total, Maryland has added 24 new taxes or fees in recent years, Change Maryland says. Florida, which has no income-tax, has been a large recipient of Maryland’s exiled wealthy.
grayscape
July 9th, 2012
“By executive order I hereby declare these unpatriotic Americans ‘enemies of the state’ that will be arrested and detained indefinitely…”
-Obama announcement 15 minutes ago.
Isobel Ingoldesthorpe
July 10th, 2012
Oh yes, “Enjoy,” as the sign says. Enjoy it while it lasts–MD was an expensive place to live and a wonderful place to leave.
House of Kell
July 10th, 2012
Atlas Shrugs….THIS is what it looks like when those who support those who won’t support themselves, decide not to, anymore!!!
Bad Brad
July 10th, 2012
Probably not coming to Cali. Damn.
pdwalker
July 10th, 2012
What idiot couldn’t see that coming? Other than stupid liberals, intellectuals and politicians and bureaucrats and democrats?
NoMoBo
July 10th, 2012
Coming soon… laws to forbid you to leave a state without official government permission.
Unneutral
July 10th, 2012
And yet, they will find some BS reason why the exodus occured. That’s what you do when you’re in denial.
Isobel Ingoldesthorpe
July 10th, 2012
NoMoBo, imagine, internal passports, residency permits with special permission to move to another city.or the special American way, basically paralyzing people from moving because they know the doctor they are assigned to can’t easily be replaced in their new city, where a waiting list is what will greet them.
OK, that’s about all the grousing I can do. What i really want to say is, don’t have a second revolution without me.
Drackxman
July 10th, 2012
Why don’t these fucking tool governors get it. The report came out about the states with republican governors whos unemployment rate dropped. These states also did not lose millionaires either.
It’s the same with businesses. If they are taxed higher and higher, they will move their business. Tennessee has been the recipient of many businesses for this reason.
Stupid liberals.
Gvii
July 10th, 2012
Hey, wow! Whaddaya know? People don’t like having their money taken from them involuntarily.
Gee, go figure…
JaneLovesJesus
July 10th, 2012
As a matter of fact, there was a futuristic novel like that:
Head Rites explores the impact of U.S. legislation that requires residents of all major urban areas to obtain residency permits in order to remain in that urban area. The story is told through the lives of three couples whose careers, relationships, dreams and happiness are dramatically altered by the head rights law. Softbound – 250 pages
scr_north
July 10th, 2012
I think this was the foul mouthed doucebag that appeared on CNN the evening that Walker defeated the recall attempt in Wisonsin. He was livid that the left was defeated and hinted that Walker was going to be arrested, Romney was a crook and that right wingers unfairly influenced the vote with huge influxes of outside state (and US) cash. Basically he blew a headpipe. Oh what the hell, Maryland isn’t really state anyway.
Toaster
July 10th, 2012
I was listening to Mark Levin yesterday. He believes O’Malley might be considering a run for POTUS in ’16 or ’20. If you think it’s laughable, just remember Klinton.
Pat
July 10th, 2012
I am a Marylander soon to join those ranks. This has become a socialist nightmare.
Dr. Tar
July 10th, 2012
Well that just sucks. I haven’t been able to sell my house in MD for 3 years now. My real estate agent out there quit the business in June but at least he found me some renters before seeking other employment opportunities.
MD was frustrating to state to vote in. Not a snow balls chance of electing a Republican dog catcher with all the down staters auto voting for Dems. Still swam against the tide when I could, its the principle of the thing and having the privilege of saying “I didn’t vote for Obama” and “How’s that working out for you there?”
Maudie N Mandeville
July 10th, 2012
It’s not like these emigrants are changing their stripes. Just like the pine beetle, liberals destroy one locale then move on to another. Look at Colorado, the formerly wild west where men were men; now the ‘Pride’ of the Rockies. Now butch women and pasty faced ‘men’ like Governor Hickenlooper vote high taxes, slothful generations, killing babies, and anal sex.
Stache
July 10th, 2012
[ I'll read the comments later, but I had to jump in ... ]
Even a one-legged millionaire could make it to the border of Maryland in under a day, hopping! I doubt too many of them would walk, or actually run, though.
The governor should have thought to secure the borders before imposing this tax.
And, is it too late for me to put up a sign on the NY border, “Welcome, Maryland’s millionaires!”? [ Everyone knows NY is a haven for those seeking lower taxes. embed /sarc on_off switches here. ]
And I just can’t understand how Maryland was unable to tax its way wealthy. (more sarc switches required.)
-Now, time to read how everyone said this better.-
Anonymous
July 10th, 2012
Study wants to pin it all on that specific tax change.
It ignores the many other ways that MD is becoming a shithole.
Joe
July 10th, 2012
@Toaster: I am a Levin listener too and heard him say that O’Malley wants to be president. God help us. Maryland can do better than this man.
hybrid civil war
July 10th, 2012
I love the smell of bolshevik lefty maggot fail in the morning.
SheVee
July 10th, 2012
@Maude — You nailed it! Most of the wealthy refugees from highly-taxed states are libs who voted for the a-holes who raised their taxes and increased spending up the wazoo!!!
They’ll move to one of the low/no tax red states and vote for the same crappy people (i.e., libs).
Eventually there will be nowhere to move to for any of us!
Blink
July 10th, 2012
Nothing surprising about the exodus. People have moved out of high crime rate neighborhoods to safer neighborhoods for centuries.
pops
July 10th, 2012
shevee you are right on the money. they create a socalist eutopia in their home states then when it blows up in thier faces they move to someone elses neighborhood and screw it up there. look at california then they move to arizona, oregon, washington and do the same there. they leave the northeast move to atlanta or florida and try to make it into the high tax hellholes they left. please stay home you are not welcome.
Jethro
July 10th, 2012
This sign is alongside interstate 70, just west of Baltimore MD. This guy puts a new anti obama sign up every couple of months.
http://3.bp.blogspot.com/-sEelzjZNlf0/T9uHUM89hYI/AAAAAAAAAow/LZmHHZw7H5Q/s1600/route+70-2.jpg
.
Tim
July 10th, 2012
We’re not rich, but we got the heck out when I retired. MD is not “retirement friendly.”
MD loves the rat-people and hopefully, that’s all that’ll be left. Let the rich socialist maggots in Montgomery County pay for em.
iris354
July 10th, 2012
@Jethro – How far west? I drive I-70 every day, to and from work. Haven’t spotted that sign yet. It’s awesome! Dissent is discouraged in the People’s Republic of Maryland. I’m surprised the sign poster hasn’t been arrested.
jesse
July 10th, 2012
haha. this is an interesting right-wing nut job intellectual circle-jerk. its amusing to be a liberal wandering into a bizarre environment like this. anyone actually try reading the whole CNBC article? anyone that read the whole thing understand it? (rhetorical question. answer: obviously not.)