High Taxes Continue To Drive Wealthy Out Of Maryland

The Baltimore Sun has another report today about the effect of high taxes on Marylanders with net taxable incomes over $1 million. If you're a tax collector, the 30% decline is worthy of study. Has the recession reduced their incomes or have they abandoned the state for safer tax havens? Maryland faces increasing budget deficits next years and beyond and growing resistance to the state's effort to tax anything and everything. The taxmen had better hope an improving economy restores most of those millionaires to the tax rolls.