View Full Version : Maryland's Tax Rates Are Driving Jobs to Virginia
nhboy
06-01-2012, 12:57 PM
Link to original article. (http://reason.com/archives/2012/05/30/how-marylands-tax-rates-are-driving-jobs)
"Maryland accounted for the largest taxpayer exodus of any state in the region between 2007 and 2010.
An advertisement now running in Maryland's second-largest newspaper asks, "relocating to Virginia?" The ad is from a residential real estate firm and reaches employees of engineering giant Bechtel, who are looking for new homes in Virginia.
Bechtel announced last year it is moving 600 jobs from Frederick, Maryland to Reston,Virginia. Governor Martin O'Malley's economic development department hastily arranged $9.5 million in government aid to keep some remaining jobs in Maryland. A state that competes with its neighbors should not have to pay companies to stay. But Maryland does not compete with Virginia—and so it pays—with last-minute corporate bribes, lost jobs, and a reduced tax base.
Maryland accounted for the largest taxpayer exodus of any state in the region between 2007 and 2010, with a net migration resulting in 31,000 residents having left the state. Where did most of them go? Virginia. Virginia is now home to nearly 11,500 former Marylanders—a shift of $390 million from the tax rolls of one state to another, according to the non-partisan Tax Foundation.
That's the position Maryland finds itself in after six years of damaging tax increases. Since 2007, taxes and fees have been raised 24 times, taking an additional $2.4 billion out of the economy each year.
That explains why two states with similar economies, demographics, and a shared dependence on federal government employment and procurement sharply diverge in job growth. Maryland's unemployment rate is a full point higher than Virginia's and just last month the state led the nation in job loss, according to the Labor Department's April numbers.
It's hard to say if O'Malley understands what is going on though. When Northrop Grumman opted to relocate its corporate headquarters in northern Virginia over Maryland in 2010, the governor said "it was a win for the Washington region," as if the Redskins won the Superbowl. It was not a win for Maryland job seekers who would have liked to work for the defense contractor."
CrashTest
06-01-2012, 01:02 PM
The parasites killing the hosts. Are you just now starting to understand how it works?
itsbob
06-01-2012, 01:03 PM
Link to original article. (http://reason.com/archives/2012/05/30/how-marylands-tax-rates-are-driving-jobs)
"Maryland accounted for the largest taxpayer exodus of any state in the region between 2007 and 2010.
An advertisement now running in Maryland's second-largest newspaper asks, "relocating to Virginia?" The ad is from a residential real estate firm and reaches employees of engineering giant Bechtel, who are looking for new homes in Virginia.
Bechtel announced last year it is moving 600 jobs from Frederick, Maryland to Reston,Virginia. Governor Martin O'Malley's economic development department hastily arranged $9.5 million in government aid to keep some remaining jobs in Maryland. A state that competes with its neighbors should not have to pay companies to stay. But Maryland does not compete with Virginia—and so it pays—with last-minute corporate bribes, lost jobs, and a reduced tax base.
Maryland accounted for the largest taxpayer exodus of any state in the region between 2007 and 2010, with a net migration resulting in 31,000 residents having left the state. Where did most of them go? Virginia. Virginia is now home to nearly 11,500 former Marylanders—a shift of $390 million from the tax rolls of one state to another, according to the non-partisan Tax Foundation.
That's the position Maryland finds itself in after six years of damaging tax increases. Since 2007, taxes and fees have been raised 24 times, taking an additional $2.4 billion out of the economy each year.
That explains why two states with similar economies, demographics, and a shared dependence on federal government employment and procurement sharply diverge in job growth. Maryland's unemployment rate is a full point higher than Virginia's and just last month the state led the nation in job loss, according to the Labor Department's April numbers.
It's hard to say if O'Malley understands what is going on though. When Northrop Grumman opted to relocate its corporate headquarters in northern Virginia over Maryland in 2010, the governor said "it was a win for the Washington region," as if the Redskins won the Superbowl. It was not a win for Maryland job seekers who would have liked to work for the defense contractor."
And he refuses to Call Romney Governor Romney, and keeps telling us how incredibly BAD a governor Romney was despite the fact Romney turned a state deficit into a surplus, lowered taxes and lowered the state unemployment rate in ONE TERM...
How is O'Malley doing in comparison.. or for that matter Obama??
There are people right on this forum that think its perfectly ok to keep raising taxes and fees.
In their thoughts, If you dont like paying the fees, dont participate in the activity that the fee is associated with.
I guess if you dont like paying the tax, you should quit your job and move to a state somewhere in the U.S.
Its people like that the allow the dem controlled government to get away with the theft.
Crewdawg141
06-01-2012, 01:56 PM
There are people right on this forum that think its perfectly ok to keep raising taxes and fees.
In their thoughts, If you dont like paying the fees, dont participate in the activity that the fee is associated with.
I guess if you dont like paying the tax, you should quit your job and move to a state somewhere in the U.S.
Its people like that the allow the dem controlled government to get away with the theft.
You are exactly right in your statement. Nice avatar, btw! :cool:
Liberals point this out and they are actually angry. Not at Maryland but at Virginia for not raising their taxes so no one can get safe haven from them.
You are exactly right in your statement. Nice avatar, btw! :cool:
Thank you, I stole the avatar from BAJA,
Hope he doesn't call me an ass or something.
Liberals point this out and they are actually angry. Not at Maryland but at Virginia for not raising their taxes so no one can get safe haven from them.
The higher Maryland taxes go, the lower Virginia unemployment goes.
cant be any connection between the two can there?
Crewdawg141
06-01-2012, 02:22 PM
Thank you, I stole the avatar from BAJA,
Hope he doesn't call me an ass or something.
:lmao: I don't think that Baja will mind. The previous owner - that's another story!
:lmao: I don't think that Baja will mind. The previous owner - that's another story!
She cant say anything to me about it, I did not click on her avatar and steal it.
I respect her too much to steal from her, that should be obvious.
BAJA however makes fun of ragheads, and thats just wrong.. (Ok, really its not)
Crewdawg141
06-01-2012, 02:44 PM
She cant say anything to me about it, I did not click on her avatar and steal it.
I respect her too much to steal from her, that should be obvious.
BAJA however makes fun of ragheads, and thats just wrong.. (Ok, really its not)
:roflmao:
Link to original article. (http://reason.com/archives/2012/05/30/how-marylands-tax-rates-are-driving-jobs)
"Maryland accounted for the largest taxpayer exodus of any state in the region between 2007 and 2010.
An advertisement now running in Maryland's second-largest newspaper asks, "relocating to Virginia?" The ad is from a residential real estate firm and reaches employees of engineering giant Bechtel, who are looking for new homes in Virginia.
Bechtel announced last year it is moving 600 jobs from Frederick, Maryland to Reston,Virginia. Governor Martin O'Malley's economic development department hastily arranged $9.5 million in government aid to keep some remaining jobs in Maryland. A state that competes with its neighbors should not have to pay companies to stay. But Maryland does not compete with Virginia—and so it pays—with last-minute corporate bribes, lost jobs, and a reduced tax base.
Maryland accounted for the largest taxpayer exodus of any state in the region between 2007 and 2010, with a net migration resulting in 31,000 residents having left the state. Where did most of them go? Virginia. Virginia is now home to nearly 11,500 former Marylanders—a shift of $390 million from the tax rolls of one state to another, according to the non-partisan Tax Foundation.
That's the position Maryland finds itself in after six years of damaging tax increases. Since 2007, taxes and fees have been raised 24 times, taking an additional $2.4 billion out of the economy each year.
That explains why two states with similar economies, demographics, and a shared dependence on federal government employment and procurement sharply diverge in job growth. Maryland's unemployment rate is a full point higher than Virginia's and just last month the state led the nation in job loss, according to the Labor Department's April numbers.
It's hard to say if O'Malley understands what is going on though. When Northrop Grumman opted to relocate its corporate headquarters in northern Virginia over Maryland in 2010, the governor said "it was a win for the Washington region," as if the Redskins won the Superbowl. It was not a win for Maryland job seekers who would have liked to work for the defense contractor."
You're a bleeding-butt liberal, boy; what are you doing dissing Maryland's version of Teh Won?
chernmax
06-02-2012, 12:18 AM
The more people Maryland put into the apple cart, the less people will stick around to push it!!! :coffee:
SEO by vBSEO 3.6.0 ©2011, Crawlability, Inc.