At least a few states can get things done:
The state Senate voted Thursday to significantly raise taxes on Marylanders earning half a million dollars or more — prompting complaints that liberals were bent on launching class warfare in the state.
The Senate’s vote to adopt what is being dubbed a “millionaire’s tax” came after some liberal-leaning senators said they would refuse to support a smaller, across-the-board increase in income taxes unless the wealthy took a special hit. The chamber was considering a plan to raise taxes on most Maryland taxpayers by up to a quarter of a percentage point — a proposal that eventually passed by a vote of 26-20.
The plan to tax top earners — those earning more than $500,000 a year — at a higher rate would only affect 15,000 households, who would pay at least $2,752 more for joint filers.
I’m not sure how an extra $2700 or so dollars is “significant” when we’re dealing with a half million or higher. I’m sure the wealthy will get along just fine with or without this tax. And I bet they won’t change their spending or investing habits one bit either.
For the Sake of Science 
Leave a comment