Comments on: O’Malley Shows Us His Shiny New Tax Brackets http://www.bargaineering.com/articles/omalley-shows-us-his-shiny-new-tax-brackets.html personal finance blog with anecdotes, advice and commentary. Sun, 22 Nov 2009 02:01:03 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: Kevin http://www.bargaineering.com/articles/omalley-shows-us-his-shiny-new-tax-brackets.html/comment-page-1#comment-159170 Kevin Tue, 25 Sep 2007 20:34:13 +0000 http://www.bargaineering.com/articles/omalley-shows-us-his-shiny-new-tax-brackets.html#comment-159170 Wow! I'm glad I live in a state with mainly a sales tax. I get taxed on items I consume and am not penalized for making money. Wow! I’m glad I live in a state with mainly a sales tax. I get taxed on items I consume and am not penalized for making money.

]]> By: Swim Upstream to Wealth http://www.bargaineering.com/articles/omalley-shows-us-his-shiny-new-tax-brackets.html/comment-page-1#comment-159121 Swim Upstream to Wealth Tue, 25 Sep 2007 18:07:48 +0000 http://www.bargaineering.com/articles/omalley-shows-us-his-shiny-new-tax-brackets.html#comment-159121 O'Malley was smart that he gave the lower tax brackets a tax break...taxing the rich is always a good populist theme. However, he is still proposing a 20% increase in the sales tax, 10 cent a gallon gas tax, and a massive cigarette tax - all regressive taxes. The bottom line is if you live in Maryland you need to expect higher taxes. Or, you could contact your state representative and demand they look to cut spending to cover the shortfall. They won't find enough to cut, but if the reps feel a lot of pressure to cut they may find more than if we sit silently by without a word. O’Malley was smart that he gave the lower tax brackets a tax break…taxing the rich is always a good populist theme. However, he is still proposing a 20% increase in the sales tax, 10 cent a gallon gas tax, and a massive cigarette tax – all regressive taxes. The bottom line is if you live in Maryland you need to expect higher taxes.

Or, you could contact your state representative and demand they look to cut spending to cover the shortfall. They won’t find enough to cut, but if the reps feel a lot of pressure to cut they may find more than if we sit silently by without a word.

]]> By: jim http://www.bargaineering.com/articles/omalley-shows-us-his-shiny-new-tax-brackets.html/comment-page-1#comment-159102 jim Tue, 25 Sep 2007 17:38:55 +0000 http://www.bargaineering.com/articles/omalley-shows-us-his-shiny-new-tax-brackets.html#comment-159102 Married filing separately destroys the phaseouts for a lot of the other tax benefits available... Married filing separately destroys the phaseouts for a lot of the other tax benefits available…

]]> By: dong http://www.bargaineering.com/articles/omalley-shows-us-his-shiny-new-tax-brackets.html/comment-page-1#comment-159099 dong Tue, 25 Sep 2007 17:29:38 +0000 http://www.bargaineering.com/articles/omalley-shows-us-his-shiny-new-tax-brackets.html#comment-159099 I think marriage and taxes is complicated. Not sure why someone should get a break either way, but given that alot of times one member of the marriage doesn't work or makes a lot less, bot married people end up benefiting from tax perspective by being married. Given that I'm not married I'm not sure what the tax laws, but I thought you could file separately if it was to your advantage... I think marriage and taxes is complicated. Not sure why someone should get a break either way, but given that alot of times one member of the marriage doesn’t work or makes a lot less, bot married people end up benefiting from tax perspective by being married. Given that I’m not married I’m not sure what the tax laws, but I thought you could file separately if it was to your advantage…

]]> By: jim http://www.bargaineering.com/articles/omalley-shows-us-his-shiny-new-tax-brackets.html/comment-page-1#comment-159027 jim Tue, 25 Sep 2007 11:28:54 +0000 http://www.bargaineering.com/articles/omalley-shows-us-his-shiny-new-tax-brackets.html#comment-159027 None of the above yet, these are just proposals at this point. None of the above yet, these are just proposals at this point.

]]> By: Mrs. Micah http://www.bargaineering.com/articles/omalley-shows-us-his-shiny-new-tax-brackets.html/comment-page-1#comment-159026 Mrs. Micah Tue, 25 Sep 2007 11:25:51 +0000 http://www.bargaineering.com/articles/omalley-shows-us-his-shiny-new-tax-brackets.html#comment-159026 When do these go into effect? This coming year or retroactively for this past one? When do these go into effect? This coming year or retroactively for this past one?

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