Surprise: Higher taxes in Maryland chasing out the wealthy

posted at 4:01 pm on July 9, 2012 by Erika Johnsen

In light of President Obama’s exhortation to hike taxes on those making more than $250,000 a year earlier today, here’s a well-timed piece of evidence demonstrating what happens when you decide you’d rather engage in populist persecution and punish the wealthy for their economic contributions rather than make tough budget-cutting decisions. A new report indicates that the state of Maryland is bleeding residents and tax revenue — an emigration likely due to the wildly blue state’s recent tax hikes.

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.

“Maryland has reached the point of diminishing returns. We’re taxing people too much and people are voting with their feet,” said Change Maryland Chairman Larry Hogan. “Until we change our focus from tax increases to increasing the tax base, more people are simply going to leave, leading to a downward spiral of raising revenues on fewer citizens.”

Yet again, one of the United States’ laboratories-of-democracy offers us another example of the results of poor public policy; in this case, desperately clinging to tax hikes on the wealthy as a solution to your problems (which, by the way, they aren’t): Raise taxes on the entrepreneurs, business owners, inventors, innovators, movers and shakers all you want, but you can’t reasonably expect that they’ll stick around to pay ‘em. At some point, it’s going to become worthwhile for the moneymakers to jump ship. In 2011 alone, a record 1,800 individuals renounced their United States citizenship — and if that doesn’t provide a red flag about our tax code, I don’t know what does.

Here’s just one case in point that broke earlier today:

Denise Rich, the wealthy socialite and former wife of pardoned billionaire trader Marc Rich, has given up her U.S. citizenship – and, with it, much of her U.S. tax bill.

Rich, 68, a Grammy-nominated songwriter and glossy figure in Democratic and European royalty circles, renounced her American passport in November, according to her lawyer. …

By dumping her U.S. passport, Rich likely will save tens of millions of dollars or more in U.S. taxes over the long haul, tax lawyers say.


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O’Malley & Company: Socialists that take bad ideas and give them new life.

WordsMatter on July 9, 2012 at 4:04 PM

I’m beginning to see why the Left rejects federalism (it’s racist!) and prefers a top-down, command and control, all-powerful, centralized federal government instead.

visions on July 9, 2012 at 4:04 PM

Wow, that’s surprising. So if you jack up taxes on the wealthy they vote with their feet? I mean that almost never happens…other than every single time it’s been tried

HumpBot Salvation on July 9, 2012 at 4:06 PM

Dear Every Other State in the Union,

Whatever Maryland does, do the exact opposite.

Hugs and Kisses,

Maryland Prisoner of Conscience

WordsMatter on July 9, 2012 at 4:06 PM

The country’s going to Heil and Mitt takes a nice long vacay. Great.

Still no response to the Bain attacks. You’da thunk he’d have learned how to handle that after the primary attacks.

Somebody better light a stick of dynomite under our candidate, we can NOT afford to lose this election !

I’m in FL and I hear non=-stop Obama ads attacking Romney on Bain and overseas accounts. All weekend, every commercial break. NOT ONE ROMNEY AD. What are they thinking?

stenwin77 on July 9, 2012 at 4:07 PM

…and they’re moving to Texas.
*EVERYONE wants to move to Texas-unless they’re already lucky enough to be here.*

annoyinglittletwerp on July 9, 2012 at 4:08 PM

By dumping her U.S. passport, Rich likely will save tens of millions of dollars or more in U.S. taxes over the long haul, tax lawyers say.

I wonder if at some point after they leave the White House other hypocrites like the rich Obama’s will do the same thing. Wouldn’t surprise me.

VorDaj on July 9, 2012 at 4:09 PM

High taxes driving away the wealthy??? Gee how shocking. The definition of insanity: doing the same thing over and over again yet expecting different results, liberalism is truly a mental disease.

Beastdogs on July 9, 2012 at 4:10 PM

I’m in FL and I hear non=-stop Obama ads attacking Romney on Bain and overseas accounts. All weekend, every commercial break. NOT ONE ROMNEY AD. What are they thinking?

stenwin77 on July 9, 2012 at 4:07 PM

That most of America isn’t paying attention and Obama is wasting a crapload of money that he won’t have when people start paying attention.

rockmom on July 9, 2012 at 4:10 PM

The country’s going to Heil and Mitt takes a nice long vacay. Great.

Still no response to the Bain attacks. You’da thunk he’d have learned how to handle that after the primary attacks.

Somebody better light a stick of dynomite under our candidate, we can NOT afford to lose this election !

I’m in FL and I hear non=-stop Obama ads attacking Romney on Bain and overseas accounts. All weekend, every commercial break. NOT ONE ROMNEY AD. What are they thinking?

stenwin77 on July 9, 2012 at 4:07 PM

Sorry, wrong thread.

stenwin77 on July 9, 2012 at 4:11 PM

Unfortunate for the folks on the Lower Eastern Shore. Good thing they are a stout and proud group.

Bmore on July 9, 2012 at 4:11 PM

Denise Rich who had been married to the clown Eric Holder helped get a pardon with Clinton on his way out, nice.

gsherin on July 9, 2012 at 4:12 PM

Sorry, but Denise Rich is the very last vile POS that should be used as a positive proof of anything. The woman’s a scumbag.

rayra on July 9, 2012 at 4:13 PM

bayam hardest hit.

gwelf on July 9, 2012 at 4:13 PM

I hear non=-stop Obama ads attacking Romney on Bain and overseas accounts. All weekend, every commercial break. NOT ONE ROMNEY AD. What are they thinking?

stenwin77 on July 9, 2012 at 4:07 PM

That it’s 09Jul12. The political junkies are eating this stuff up, but 85% of voters are NOT junkies. They aren’t even listening.

Based on his (surprising) tactical mobility and precisely-delivered aggression, I’d have to assume Mitt’s keeping his powder dry for when it matters. Read as: post-Labor Day.

Washington Nearsider on July 9, 2012 at 4:13 PM

If it weren’t for my love of the Ravens and my absolute hatred for everything Steelers, I’d have moved 15 miles north into PA some time ago. I just can’t make the move over the M-D line. ;)

BKeyser on July 9, 2012 at 4:14 PM

I’m beginning to see why the Left rejects federalism (it’s racist!) and prefers a top-down, command and control, all-powerful, centralized federal government instead.

visions on July 9, 2012 at 4:04 PM

So that no one can escape being taxed, unless you opted to be one of the record-setting 1,800 citizenship dumpers last year, that is.

robertlbryant on July 9, 2012 at 4:14 PM

I predict this to be a troll free thread.

Come on out Bayam, please explain this one.

JPeterman on July 9, 2012 at 4:14 PM

Martin O’Money strikes again.

Yiwen on July 9, 2012 at 4:14 PM

OweMalley is looking to be Prez. He also raised sales tax and property taxes while taking us from a surplus to huge debt, so he’ll likely get the nomination next go-round.

Laura in Maryland on July 9, 2012 at 4:14 PM

Denise Rich, the wealthy socialite and former wife of pardoned billionaire trader Marc Rich, has given up her U.S. citizenship – and, with it, much of her U.S. tax bill.

But bayam assures me liberals want to pay more taxes!

gwelf on July 9, 2012 at 4:15 PM

I’m in FL and I hear non=-stop Obama ads attacking Romney on Bain and overseas accounts. All weekend, every commercial break. NOT ONE ROMNEY AD. What are they thinking?

stenwin77 on July 9, 2012 at 4:07 PM

They’re thinking that no one – and I repeat no one – is buying this BS that already hasn’t. Lighten up.

CaliforniaRefugee on July 9, 2012 at 4:15 PM

I’m beginning to see why the Left rejects federalism (it’s racist!) and prefers a top-down, command and control, all-powerful, centralized federal government instead.

visions on July 9, 2012 at 4:04 PM

Ronald Reagan said it best:

“The Founding Fathers knew a government can’t control the economy without controlling people. And they knew when a government sets out to do that, it must use force and coercion to achieve its purpose. “

In simpler terms – Liberals are inherently Anti-Liberty.

Chip on July 9, 2012 at 4:16 PM

BKeyser on July 9, 2012 at 4:14 PM

Where you at, hon? I’m in Harford Cowknee? Are you up my way?

Laura in Maryland on July 9, 2012 at 4:16 PM

There was a great article last year comparing Montgomery County, Maryland to Fairfax County, Virginia right across the river. The two counties are alomst identical in terms of population and demographics. But Montgomery County is up to its eyeballs in debt and has been running annual deficits and raising tax rates for several years, while Fairfax County has very little debt and balanced its budget even after the housing crash. The difference: Maryalnd has public employee unions and Virginia doesn’t. Fairfax’s per-pupil school spending is just over half of Montgomery County’s. Montogomery has given ridiculous contracts to teachers, police, and firefighters.

Maryland is a high-tax state because it is a union state. Martin O’Malley was bought and paid for by the unions and he is delivering for them, at the taxpayers’ expense.

rockmom on July 9, 2012 at 4:16 PM

Ya gotta love the Maryland Flag!

Akzed on July 9, 2012 at 4:16 PM

Why not belong to the party of big taxes if you never plan on paying them?

29Victor on July 9, 2012 at 4:17 PM

This is why we need an overbearing federal government Wingnuts! Without one these ebil successful people can still run away from the masses! Success must be punished!

NotCoach on July 9, 2012 at 4:17 PM

Must be tired out the East Coast and moving to California. Not.

bayview on July 9, 2012 at 4:17 PM

Unfortunate for the folks on the Lower Eastern Shore. Good thing they are a stout and proud group.

Bmore on July 9, 2012 at 4:11 PM

What, folks on the Eastern Shore are ALL fat???

Mayhaps you meant “stalwart” and not “stout”???

Yiwen on July 9, 2012 at 4:17 PM

Must be tired out of the East Coast and moving to California. Not.

bayview on July 9, 2012 at 4:17 PM

bayview on July 9, 2012 at 4:18 PM

I’m beginning to see why the Left rejects federalism (it’s racist!) and prefers a top-down, command and control, all-powerful, centralized federal government instead.

visions on July 9, 2012 at 4:04 PM

It’s what I call the Berlin Wall mentality. Walls are built to keep your enemies out and your property in. Liberals claim we conservatives are the enemy, but really they see us as property.

CaliforniaRefugee on July 9, 2012 at 4:19 PM

How many of those leaving MD will continue to vote for Dems in their new states?

Charlemagne on July 9, 2012 at 4:21 PM

Unfortunate for the folks on the Lower Eastern Shore. Good thing they are a stout and proud group.

Bmore on July 9, 2012 at 4:11 PM

The libs are getting ready to redistrict away our little consevative enclave of ag (Harford & Cecil) and watermen (shore counties) so we lose Andy Harris’ seat.

Bastages!

Laura in Maryland on July 9, 2012 at 4:22 PM

Let’s see, decisions, decisions.

Go down O-shun?
Or pull up stakes and move to Texas already?

Yiwen on July 9, 2012 at 4:22 PM

Come on out Bayam, please explain this one.

JPeterman on July 9, 2012 at 4:14 PM

Those stupid unpatriotic rich residents of Maryland! They should be staying and paying the taxes to show their love for their state!

–bayam

NoFanofLibs on July 9, 2012 at 4:22 PM

If it weren’t for my love of the Ravens and my absolute hatred for everything Steelers, I’d have moved 15 miles north into PA some time ago. I just can’t make the move over the M-D line. ;)
BKeyser on July 9, 2012 at 4:14 PM

I’m in Delaware. There are actually some elected Republicans in the state house, and there’s no sales tax!

Akzed on July 9, 2012 at 4:24 PM

If it weren’t for my love of the Ravens and my absolute hatred for everything Steelers, I’d have moved 15 miles north into PA some time ago. I just can’t make the move over the M-D line. ;)

BKeyser on July 9, 2012 at 4:14 PM

Hey! I went to a Ravens/Steelers game, I think the first year the Ravens were there. The stands were like a high school stadium. We were within feet of the players. It was fun. Especially because Pittsburgh won! You can move north and still be a Ravens fan, we don’t mind!

Night Owl on July 9, 2012 at 4:25 PM

If it weren’t for my love of the Ravens and my absolute hatred for everything Steelers, I’d have moved 15 miles north into PA some time ago. I just can’t make the move over the M-D line. ;)
BKeyser on July 9, 2012 at 4:14 PM

Sorry, meant to include that I’m a Balto. boy born and raised.

Akzed on July 9, 2012 at 4:25 PM

Eventually those evil rich people will leave the country if they can’t escape to another state…

It’s happening now…

PatriotRider on July 9, 2012 at 4:26 PM

Want to know where all those Marylanders went? Just look at how Virginia voted in the last presidential election. Ugh. Why do leftists insist on fleeing their Marxist utopias and ruining perfectly good red states???

Dear Fleeing Marylanders,

Virginia is a terrible place full of bitter clingers. Avoid it at all costs. (Unless you are conservative, then welcome.)

CJ on July 9, 2012 at 4:26 PM

I predict this to be a troll free thread.

JPeterman on July 9, 2012 at 4:14 PM

…THAT’S NOT FAIR!
(:->)…do you have Tarot Cards…and a little round global thingy too?

KOOLAID2 on July 9, 2012 at 4:26 PM

If it weren’t for my love of the Ravens and my absolute hatred for everything Steelers, I’d have moved 15 miles north into PA some time ago. I just can’t make the move over the M-D line. ;)

BKeyser on July 9, 2012 at 4:14 PM

How about West Virginia then? – you can become part of the one big happy family – literally…. ;)

dentarthurdent on July 9, 2012 at 4:26 PM

If this gets too big, I can picture a Dem-run state imposing an ‘emigrant tax’ on the wealth being taken out by the (true) owners of that wealth.

Or, if it doesn’t exist already, a law where all the income of a non-resident who makes any money in such a state is subject to tax.

I simply don’t expect big-government types to let the liberty of voting with one’s feet to go unpunished.

Liam on July 9, 2012 at 4:26 PM

Maybe after November Obama will go back to Kenya for the lower taxes…

PatriotRider on July 9, 2012 at 4:27 PM

So,Democrats who threatened to leave the shores
of the Bars’n and Stars under Bush,are actually,

really leaving under a Democrat/Socialist/Communist
President,

Hopey the Taxus and Spendus!!

canopfor on July 9, 2012 at 4:29 PM

Come on out Bayam, please explain this one.

JPeterman on July 9, 2012 at 4:14 PM

But but but smarrrrrt people like Larry Ellison, Warren Buffet, and Bill Gates wannnnnnt to pay more taxes…. /bayam

dentarthurdent on July 9, 2012 at 4:29 PM

No, not at all. The Democrats merely redefined “wealthy”. A millionaire for Obama is $250,000? A millionaire for O’Malley is $100,000. AND we get to pay for Baltimore’s flushing. Fair is fair.

Portia46 on July 9, 2012 at 4:31 PM

Sorry, wrong thread.

stenwin77 on July 9, 2012 at 4:11 PM

…not to worry! (Close Tags not always work)…but it’s July…and the ill-informed don’t have the attention span this far out, so let JugEars think he’s helping form opinions right now.

KOOLAID2 on July 9, 2012 at 4:31 PM

I wonder if there is a fancy math calculus thingy,that can predict,
at the current rate of Liberals fleeing,the Land of Freedom,

how long it will take,to empty out the DemoRats,

from the US of A!!
(sarc).

canopfor on July 9, 2012 at 4:32 PM

Yes lets leave out other studies that show otherwise:

http://blogs.wsj.com/wealth/2011/08/08/high-taxes-dont-drive-out-the-rich-study-says/

I’ve written several times before about the notion that high state taxes drive out the rich. Studies show that from Connecticut to Maryland and New Jersey and New York there is little statistical evidence that taxes cause large numbers of rich people move to lower-tax states.

And

What’s more, he points out that the wealthy usually move because of a job change, life change or retirement rather than taxes.

“There is no evidence that tax structures are a significant determinant in their location choices,” Bergsman said

But of course as usual Hot Air likes to leave out this information, because it does not meet their political gain.

damian1967 on July 9, 2012 at 4:32 PM

Going John Galt. What do the progs expect?

kirkill on July 9, 2012 at 4:35 PM

What’s more, he said, Maryland is still minting high-earners and has among the highest incomes and highest concentration of millionaires in the country.

LOL, way to go Hot Air.

damian1967 on July 9, 2012 at 4:35 PM

But I thought all rich people wanted their taxes raised?

Monkeytoe on July 9, 2012 at 4:36 PM

Virginia is a terrible place full of bitter clingers. Avoid it at all costs. (Unless you are conservative, then welcome.)

CJ on July 9, 2012 at 4:26 PM

Actually, VA has its own little enclave of rich liberals. Coincidentally, they’re right outside Washington, D.C.

And we (MD) have our own little enclave of illegals who fled Prince William County 3 years ago when they enacted a law requiring cops to check papers, as well as schools. They moved here and one of the richest counties in the country (Montgomery) now can’t fill its pot holes and is having an epidemic of TB.

Portia46 on July 9, 2012 at 4:37 PM

I predict this to be a troll free thread.

Come on out Bayam, please explain this one.

JPeterman on July 9, 2012 at 4:14 PM

..you are not gonna believe this, but I was going to post something like “I predict you will be wrong; damien1967 will wander in here and vomit some of his banal stupidity”.

But guess who’s just just up-thread?

The War Planner on July 9, 2012 at 4:38 PM

This reminds me of another example from a few years ago when the European Union was preparing for the joining of several former Warsaw Pact countries in Eastern Europe that since the fall of the USSR had adopted very Reaganesque economic policies, such as a %15 flat corporate tax. The ministers of France and Germany were very worried about their industrial base, highly regulated by the government-labor tag team, would leave for better pastures in the EU.

They were trying to force these smaller countries to raise their taxes to an “equitable” level with themselves, to remove the choice from their own corporations. It ended up not working in the end, but they sure as heck tried all the arm twisting they could in the EU Parliament and bureaucracy to eliminate what they saw coming, namely brand new Porsche, BMW and Mercedes Benz factories going up in Lithuania instead of where the politicians could maintain the control through labor unions they always had.

The same principle played out again here with Boeing and their South Carolina plant, which the NLRB decided shouldn’t have been built in a right to work state, after all the construction was complete.

Another great example is of course The Berlin Wall.

Brian1972 on July 9, 2012 at 4:39 PM

Maybe some Dems don’t like the Totalitarian thas a cometh!!
BRACE YOURSELFS, it a whiole new level!!

3:06 pm ET July 9, 2012
VIDEO:

Why Are GOP Lawmakers Having Homes, Families Filmed By Democrat Opponents?
************

http://foxnewsinsider.com/2012/07/09/video-why-are-gop-lawmakers-having-homes-families-filmed-by-democrat-opponents/

canopfor on July 9, 2012 at 4:39 PM

..and ya just can’t shut the little pud up.

The War Planner on July 9, 2012 at 4:39 PM

damian1967 on July 9, 2012 at 4:32 PM

One word for you – Detroit. Ok 2 – California.

kirkill on July 9, 2012 at 4:39 PM

The War Planner on July 9, 2012 at 4:38 PM

Yes the truth hurts. I mean come on. Hot Air posted only part of the article for their political agenda, and left out the part that says there is no proof to show people moved because of the higher taxes.

Come on now, it is right there in the article, but I guess you wouldn’t read that, because Hot Air has given you all the information (or dis-information) that you need.

damian1967 on July 9, 2012 at 4:40 PM

Le crap, thats (thats),not(thas)….ughaRoo!

canopfor on July 9, 2012 at 4:40 PM

There was a great article last year comparing Montgomery County, Maryland to Fairfax County, Virginia right across the river. The two counties are alomst identical in terms of population and demographics. But Montgomery County is up to its eyeballs in debt and has been running annual deficits and raising tax rates for several years, while Fairfax County has very little debt and balanced its budget even after the housing crash. The difference: Maryalnd has public employee unions and Virginia doesn’t. Fairfax’s per-pupil school spending is just over half of Montgomery County’s. Montogomery has given ridiculous contracts to teachers, police, and firefighters.

Maryland is a high-tax state because it is a union state. Martin O’Malley was bought and paid for by the unions and he is delivering for them, at the taxpayers’ expense.

rockmom on July 9, 2012 at 4:16 PM

Money doesn’t make better schools, either. There was an article a couple of years ago about the large percentage of freshman students from Montgomery County high schools entering MD state colleges who had to take remedial English courses their first year. The purpose of these courses was to bring the writing skils of these graduated students up to college level.

RedinPDRM on July 9, 2012 at 4:41 PM

One word for you – Detroit. Ok 2 – California.

kirkill on July 9, 2012 at 4:39 PM

St. Louis, E. St. Louis.

tom daschle concerned on July 9, 2012 at 4:41 PM

Not surprising. When Rose Kennedy died, the family had her declared ‘a resident of Florida’ for tax purposes. Just forget that she hadn’t been in Florida in years, and was registered to vote in Massachusetts.

GarandFan on July 9, 2012 at 4:41 PM

canopfor on July 9, 2012 at 4:29 PM

So, what IS it like living in Canada?

Night Owl on July 9, 2012 at 4:41 PM

But of course as usual Hot Air likes to leave out this information, because it does not meet their political gain.

damian1967 on July 9, 2012 at 4:32 PM

Oh, they didn’t “move”. They just established residency in Florida and Arizona AND it’s not coincidence that the year after O’Malley’s high tax, revenue went down substantially. Which is why $100,000 a year is now rich.

We live here. And we’re fast approaching no middle class. Salaries may look high, but the state is confiscating private wealth with special sessions. A tax to watch TV? A tax to flush your toilet? A tax to fix your car?

VA is benefiting greatly. I went for groceries last week (food is cheaper in VA) and filled my tank. Gas is 50 cents cheaper across the bridge.

Portia46 on July 9, 2012 at 4:43 PM

Actually, in Maryland O’Malley wants to punish everyone with lots of help from Montgomery County. In Montgomery County we have a bag tax, a MD state cell phone tax, a county cell phone tax, a state gas tax, a county gas tax, a tax on electric bills, a tax on flushing toilets, etc.

When they claim they are finding ways to lower taxes, they call it something else. Last year in Montgomery County they wanted charge residents’ insurance companies for using ambulances, while letting non-residents have free rides. Oddly enough, the voters overwhelmingly rejected the measure by referendum. This year the County Council won’t let that slide:
http://washingtonexaminer.com/article/610611

Oh, they also want to raise property taxes so they can construct U.K. style bus lanes:

http://www.gazette.net/article/20120511/NEWS/705119515/governor-supports-buses-for-upcounty-transit-route&template=gazette

The only cure for this is a “for sale” sign and a moving truck to Virginia(definatly not Arlington County or Fairfax.)

Vera71 on July 9, 2012 at 4:43 PM

damian1967 on July 9, 2012 at 4:40 PM

I suppose Florida and Texas gaining House seats in the last census and New York, Ohio and Pennsylvania losing House seats has nothing to do with each state’s income tax environment.

Nothing to see here, move along.

Brian1972 on July 9, 2012 at 4:43 PM

Maybe some Dems don’t like the Totalitarian thas a cometh!!
BRACE YOURSELFS, it a whiole new level!!

3:06 pm ET July 9, 2012
VIDEO:

Why Are GOP Lawmakers Having Homes, Families Filmed By Democrat Opponents?
************

http://foxnewsinsider.com/2012/07/09/video-why-are-gop-lawmakers-having-homes-families-filmed-by-democrat-opponents/

canopfor on July 9, 2012 at 4:39 PM

The totalitarian Stalinists that now comprise the mainstream of the democrat party are feeling secure in their power.

Gulags cannot be too far away.

tom daschle concerned on July 9, 2012 at 4:44 PM

I’m here in Maryland, and Martin O’Malley is straight out of casting.

it really would only take a vigilant press to stop this madness.

williampeck1958 on July 9, 2012 at 4:44 PM

When I got out of college, I lived in the People’s Republic of Maryland for less than a year, left as soon as I could, and don’t even have the desire to drive through the state.

And that was a long time ago. It was a tax nightmare then, and it has gotten tremendously worse. I have no clue why anyone lives there. Haven for socialists.

Philly on July 9, 2012 at 4:44 PM

Another problem for MD is that unlike California people can move to another state an still go to work in the DC or Baltimore area. I don’t see why even more people haven’t simply moved to PA, VA, WV or DE.

The big downside to this is of course that a bunch of liberals, having made MD unlivable for themselves, are now moving to neighboring states and will vote for Democrats until those places are ruined too.

forest on July 9, 2012 at 4:46 PM

Interesting how this is making news now. I had read about this in 2010 or 2011. According to a WSJ article, by 2009 MD had lost 1,000 millionaire taxpayers (1/3) and instead of seeing a $100 million+ surplus that state officials expected from the tax, they ended up $100 million short. So now it’s up to $1.7 billion? Hahahahahahahahaha, whoodda thunk it!

stukinIL4now on July 9, 2012 at 4:47 PM

“OweMalley is looking to be Prez”

You have that just right, Laura in Maryland. He is an on the make grifter.

He will go after Mikulski’s Senate seat first and then for the Presidency.

I have lived in Maryland since 1965. Ihave never seen a more devious, dishonest person in government. And for Maryland, THAT is saying something!

Spots the Dog on July 9, 2012 at 4:47 PM

There was a great article last year comparing Montgomery County, Maryland to Fairfax County, Virginia right across the river. The two counties are alomst identical in terms of population and demographics. But Montgomery County is up to its eyeballs in debt and has been running annual deficits and raising tax rates for several years, while Fairfax County has very little debt and balanced its budget even after the housing crash. The difference: Maryalnd has public employee unions and Virginia doesn’t. Fairfax’s per-pupil school spending is just over half of Montgomery County’s. Montogomery has given ridiculous contracts to teachers, police, and firefighters.

Maryland is a high-tax state because it is a union state. Martin O’Malley was bought and paid for by the unions and he is delivering for them, at the taxpayers’ expense.

rockmom on July 9, 2012 at 4:16 PM

I used to live in Fairfax and Loudoun counties before moving to North Dakota. You couldn’t have paid me enough to move to Montgomery County… or anywhere in Maryland for that matter.

While I really do like North Dakota, I miss my beautiful home state of Virginia.

gravityman on July 9, 2012 at 4:48 PM

The big downside to this is of course that a bunch of liberals, having made MD unlivable for themselves, are now moving to neighboring states and will vote for Democrats until those places are ruined too.

forest on July 9, 2012 at 4:46 PM

That has also been happening in North Carolina over the last couple of decades.

Helps to explain, among other factors how Barack Obama won the capitol of NASCAR. Don’t think it’ll happen again, despite the convention being there.

Brian1972 on July 9, 2012 at 4:48 PM

By dumping her U.S. passport, Rich likely will save tens of millions of dollars or more in U.S. taxes over the long haul, tax lawyers say.

I’m sure her ex-husband wishes he had thought of renouncing citzenship to avoid taxes.

There is no doubt that pardon Mark Rich was forced to buy came at a premium price.

Eric Holder and Bill Clinton don’t sell themselves cheaply.

MessesWithTexas on July 9, 2012 at 4:48 PM

Oh crap,the Daily Kos are eating each other over this…hahahha!

canopfor on July 9, 2012 at 4:49 PM

The big downside to this is of course that a bunch of liberals, having made MD unlivable for themselves, are now moving to neighboring states and will vote for Democrats until those places are ruined too.

forest on July 9, 2012 at 4:46 PM

That’s the biggest problem with liberals – they ruin the places they live, then move to a red state because it’s a better place to live – and proceed to ruin it the same way they did their previous location. When the influx from California into Colorado started back in the mid-90s, one of the most populat bumper stickers was “Don’t Kalifornicate Colorado”.

dentarthurdent on July 9, 2012 at 4:49 PM

Night Owl on July 9, 2012 at 4:25 PM

My best friend from high school and her hubby moved to Baltimore shortly after they were married. We’ve stayed pretty close over the years and we have occasional visits together when they come back to western PA. My girlfriend raised her kids to be Steelers, Penguins and Pirates fans and told of getting angry horn honks from drivers who see her Steelers license plate frame in the midst of Ravens country.

PatriotGal2257 on July 9, 2012 at 4:50 PM

damian1967 on July 9, 2012 at 4:32 PM

From the article:

Big caveat: the center that conducted the study is a left-leaning group

But let’s take your quote about job change, life change or retirement.

If the state is so awesome, what motivating factors might there be for job change? Maybe like the dozens of companies that moved from Oregon to Washington, from high income tax to none, when Oregon raised taxes AGAIN, the job moved because of income tax rates.

Yes, the wealthy are more mobile, but they also got wealthy by knowing how to KEEP their money. Yes, better weather could influence retirement choices, but you’ll notice they retired to Florida, while places like San Diego have much better weather.

Life change, like kids no longer deductible and their taxes just skyrocketed? Life change like they just came into money and their taxes are going up?

And you want the consistent evidence? The census shows that nationwide, people are moving to states with lower taxes: http://taxprof.typepad.com/taxprof_blog/2010/12/states-taxing.html

I’d swear, you liberals could let a deadly fart go in a room and blame people holding their noses on the restaurant’s garbage a mile away.

PastorJon on July 9, 2012 at 4:50 PM

Raise taxes on the entrepreneurs, business owners, inventors, innovators, movers and shakers all you want, but you can’t reasonably expect that they’ll stick around to pay ‘em.

I didn’t know that Clinton’s tax rates were so unreasonably onerous- and that’s why raising taxes on a state by state basis isn’t going to fly. And by ‘mover and shaker’, is that how describe Denise Rich and other high value members of our society?

bayam on July 9, 2012 at 4:50 PM

We’re taxing people too much and people are voting with their feet,” said Change Maryland Chairman Larry Hogan. “Until we change our focus from tax increases to increasing the tax base, more people are simply going to leave, leading to a downward spiral of raising revenues on fewer citizens.”

I know how to fix that.
Make it a crime to move from state to state.
Fixed!
I’m sure the IRS can enforce this issue.
It’s a no brainer!

Badger40 on July 9, 2012 at 4:51 PM

The private sector is generally more incompetent than the public sector.

crr6 on June 12, 2010 at 12:08 PM

Del Dolemonte on July 9, 2012 at 4:51 PM

As a resident of Virginia, I’m a fan of Maryland’s obscenely high tax rate. Come on over, wealthy folks! We’ve got plenty of great places for homes and businesses.

hawksruleva on July 9, 2012 at 4:51 PM

blockquote closing fail, sorry.

See, we take blame where due.

PastorJon on July 9, 2012 at 4:52 PM

damian1967 on July 9, 2012 at 4:32 PM

Yes, let’s ignore the study printed on our screens at the top of the thread.

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.

Lots of new taxes, lots of wealthy emigres, lots of lost revenues… nah, couldn’t mean anything. Not to a liberal with a head full of sailboat fuel anyhow.

Akzed on July 9, 2012 at 4:52 PM

But of course as usual Hot Air likes to leave out this information, because it does not meet their political gain.

damian1967 on July 9, 2012 at 4:32 PM

Damian,
Seriously? or did you just forget the sarc tag?

Californians are fleeing that state like crazy because of the high taxes…they come to my state of AZ to NV to UT to CO…why do you think they also bring their ideology with them as well and turn these states to a purple color…except UT which is THE MOST conservative state in the Union.

Even the wealthy leave NY, MD, etc to run from the exact taxes they ASK for…ala Buffett, Bloomberg, Pelosi, etc

It is always amazing to me that liberals cannot understand basic economics and supply and demand. My teenage kids understand this concept.

g2825m on July 9, 2012 at 4:52 PM

glossy figure in Democratic and European royalty circles

I cannot even tell you how much this comment infuriates me.

“Democratic royalty circles?!!!!?”

The media really is nothing but a bunch of anti-American shoe polishers!

Also, the exodus from high taxation is happening in more places than just Maryland.

I’d love to know the numbers for Venezuela after Chavez took over. Because that’s actually a good model for us to use for comparison.

KMC1 on July 9, 2012 at 4:53 PM

Wealthy socialite and top Democratic donor Denise Rich renounces her U.S. citizenship – saving her tens of millions of dollars in taxes
PUBLISHED: 14:43 GMT, 9 July 2012 | UPDATED: 18:00 GMT, 9 July 2012
*******************************************************************

Songwriter also has Austrian citizenship through her late father

Former husband Marc Rich fled the country when indicted on charges
of tax evasion – but was pardoned by President Clinton in 2001
House of Representatives committee later found Denise Rich had swayed the decision through donations to Clinton campaign
Comes as the latest wealthy American to denounce citizenship
(More…)

http://www.dailymail.co.uk/news/article-2170969/Wealthy-socialite-Denise-Rich-renounces-U-S-citizenship–saving-tens-millions-dollars-taxes.html

canopfor on July 9, 2012 at 4:53 PM

That’s the biggest problem with liberals – they ruin the places they live, then move to a red state because it’s a better place to live – and proceed to ruin it the same way they did their previous location. When the influx from California into Colorado started back in the mid-90s, one of the most populat bumper stickers was “Don’t Kalifornicate Colorado”.

dentarthurdent on July 9, 2012 at 4:49 PM

It’s the reason I left Western WA State. They defiled that part of the state.
They’re doing it in Idaho. They did it in Western MT. It’s why they have a liberal gov.
These people take their filthy ideas with them. Have you noticed this is what many muslim communities do?
Their beliefs end up becoming so repressive they cannot stand living under the conditions they created.
So they move to foul up another place with their filthy ideas.
It is the most bizarre insane thing I have ever seen in my life.

Badger40 on July 9, 2012 at 4:54 PM

I didn’t know that Clinton’s tax rates were so unreasonably onerous-

bayam on July 9, 2012 at 4:50 PM

Probably because you weren’t even old enough to pay taxes when Clinton was President.

I was, and they almost killed me. Saw my Federal tax bill almost double in just 3 years.

Del Dolemonte on July 9, 2012 at 4:54 PM

The big downside to this is of course that a bunch of liberals, having made MD unlivable for themselves, are now moving to neighboring states and will vote for Democrats until those places are ruined too.

forest on July 9, 2012 at 4:46 PM

It is rather amazing that they’ll continually revisit the same craptastic policies over and over. When will they learn that central planning is a huge failure?

hawksruleva on July 9, 2012 at 4:54 PM

This is not a phenomenon that started with the O’Malley regime. Maryland has been unfriendly to businesses for decades, and since the time when George Allen was governor of Virginia, Maryland has been bleeding white collar jobs to its sister to the south. Even when Maryland had a Republican governor (Bob Ehrlich) and Virginia had a Democrat (Mark Warner), Virginia was far more pro-business.

Now, Maryland can attract only those within certain niches, such as bio-tech, but its advantages relate only to geography (proximity to NIH, for example) and not to policy.

There was a point when Maryland was viewed as a haven for mutual fund companies, and it remains that a large proportion of mutual funds are registered in Maryland, but the companies that operate those companies are no longer found there.

It seems as though if you tell someone that you don’t like them over and over again, they find new friends to play with.

Selkirk on July 9, 2012 at 4:55 PM

damian1967 on July 9, 2012 at 4:32 PM

Yes, let’s ignore the study printed on our screens at the top of the thread.

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.

Lots of new taxes, lots of wealthy emigres, lots of lost revenues… nah, couldn’t mean anything. Not to a liberal with a head full of sailboat fuel anyhow.

Akzed on July 9, 2012 at 4:52 PM

You’ll have to forgive the damian1967 unit. Still has a few bugs that the damian1966 model didn’t experience.

Del Dolemonte on July 9, 2012 at 4:56 PM

canopfor on July 9, 2012 at 4:39 PM

The totalitarian Stalinists that now comprise the mainstream of the democrat party are feeling secure in their power.

Gulags cannot be too far away.

tom daschle concerned on July 9, 2012 at 4:44 PM

tom daschle concerned:

I have said,that the Progressive Socialists have taken over the Liberal Democrat Party in the 2008 Election,and I think,what you
said,nails it!-:)

canopfor on July 9, 2012 at 4:56 PM

I have lived in Maryland since 1965. Ihave never seen a more devious, dishonest person in government. And for Maryland, THAT is saying something!

Spots the Dog on July 9, 2012 at 4:47 PM

Last year’s MD Hot Air Convention was held in a phone booth in OC. I’m glad there’s more of us. Our state’s not all stoopid libturds.

Laura in Maryland on July 9, 2012 at 4:57 PM

But of course as usual Hot Air likes to leave out this information, because it does not meet their political gain.

damian1967 on July 9, 2012 at 4:32 PM

Don’t you have to tend to your vast empire on FarmVille? Rather than spouting your idiocy at HotAir?

Ooops…bad news..some goats just broke into your pea patch…you better get on that.

HumpBot Salvation on July 9, 2012 at 4:57 PM

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