Wednesday, June 18, 2025

Moore Taxes Coming Your Way

 In Maryland. From Direct Line News:

The 2025 Maryland “Pain Parade” — Line by Line

1. The 3% Tech Tax That’ll Make You Miss the Dial-Up Days

Have a business in web hosting, software publishing, or data processing? The state’s got a brand-new 3% sales tax just for you! And don’t worry, you’ll feel it whether you run a major firm or a side hustle from your basement.

This so-called “service tax” is supposed to raise $500 million. In reality, it’s going to drive jobs out of Maryland faster than a data packet on a fiber line. Our tech sector just became less competitive—and that’s not something to celebrate in a 21st-century economy.


2. New High-Income Brackets: “Thanks for Succeeding, Now Fork It Over”

If you make more than $500K a year (or $1 million for couples), congratulations—you’ve now entered Maryland’s tax penalty zone.

Two new brackets were added:

  • 6.25% on incomes over $500K

  • 6.5% on incomes over $1 million

With county add-ons, some residents could be looking at 11.8% marginal tax rates. If you’re successful, mobile, and even thinking about leaving? Annapolis just gave you 11.8 more reasons to pack your bags.


3. Capital Gains Surtax: Targeting the American Dream

Did you work hard, save up, and finally make a few smart investments?

Maryland says, “Great, now hand over 2% more on those capital gains.”

This new surcharge affects anyone making over $350K and investing in stocks, real estate, or retirement portfolios. Because apparently, building wealth is something Democrats in Annapolis think should be punished.


4. Cannabis & Sports Betting: Legal, But Now Extra Taxable

Sure, weed and sports betting are legal. But now they’re even more profitable—for the state.

July 1st brings new tax hikes on both industries. Every puff and parlay now delivers more cash to Annapolis. Spoiler: not a cent is going to fix potholes or reduce classroom crowding. (Read more.)


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