EppsNet Archive: Maryland

Animal House Tax Policy

ALBANY, N.Y. (AP) — New York, New Jersey, Connecticut and Maryland sued the federal government over the Republican-led tax overhaul Tuesday, alleging the new law championed by President Donald Trump unfairly singles out high-tax blue states. — wsaz.com I thought this was noteworthy in that I can’t remember ever in my life hearing a Democrat say anything about people in high tax brackets other than they are not paying their “fair share.” If a Democrat has ever before said that people in high tax brackets are being singled out unfairly, I can’t remember it. The new federal tax law passed last year caps the deduction for state and local taxes at $10,000, meaning that residents of high-tax states like New York, New Jersey, Connecticut and Maryland — and California, where I currently live — will see big increases in their federal tax bill. It reminds me of a scene from… Read more →

New Jersey is the Worst Place to Die

The worst place to die is New Jersey with a combined effective estate and inheritance tax rate of 54.1%. Congrats to the Garden State! In second place is Maryland at 50.9%. Good try! — Yahoo! Finance Read more →