The MD state income tax is oppressive, but the majority of taxpayers in MD pay less than the majority of Virginia state taxpayers pay with their property and viechle taxations.
Pity the fool who has to pay taxes in DC, where the income tax rate rivals that of the Federal government. Just about everyone I know in DC has a permanent residence in some other state, esp. Texas, where there is no income or property tax. From the way they tell it, the only taxes paid in Texas are on ammunition. M > -----Original Message----- > From: Dana Tierney [mailto:[EMAIL PROTECTED] > Sent: Thursday, September 04, 2003 11:25 PM > To: CF-Community > Subject: Re: [rant] federal-state tax gotcha > > > good point but come on, it's not *that* hard > > The current logic is: > > If StateHasIncomeTax = Y > If StateReturnFiled = N > StateTaxOwed = (FederalAGI * AppropriateStateTaxRate) + Interest > > How much better would it be to say > > If StateHasIncomeTax = Y > If StateReturnFiled = N > StateTaxOwed = StateTaxableIncome * AppropriateStateTaxRate > > Which is information that is available right there on the > same W2 form. I mean, it seems this isnt just Maryland. This > logic is being applied to everyone, and could produce > erroneously high results in the case of anyone who has lived > in their current state for less that a year. That has to be a > lot of people, Florida, Texas and Washington notwithstanding. > > Anyway. Yeah, a state income tax is one of the things > Maryland has working against it. Just one of the reasons I > plan to live elsewhere forevermore... > > Dana > > [EMAIL PROTECTED] writes: > > > When we talk about overly complex business rules and project > > requirements being a leading cause of IT project failure...I can't > > help but think about how screwed up the IRS system must be. Imagine > > trying to write up that design document! Two out of the > last 5 or 6 > > years I've not claimed a refund on purpose when it wasn't a lot of > > money (<$500). I figure as long as the government owes me > money...they > > will stay away from me. > > > > btw...No state tax in Florida :) > > > > -- > > mailto:[EMAIL PROTECTED] > > Thursday, September 4, 2003, 1:18:41 AM, you wrote: > > > > <snip> > > > > DT> Moral of the story: This is apparently some sort of new federal > > DT> data mining project. If anyone moves into or out of a > state during > > DT> a tax year, they should check for this, or potentially find > > DT> themselves being charged way more state tax than they actually > > DT> owe... > > > > DT> Dana > > > > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Archives: http://www.houseoffusion.com/lists.cfm?link=t:5 Subscription: http://www.houseoffusion.com/lists.cfm?link=s:5 Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5 Get the mailserver that powers this list at http://www.coolfusion.com
