How Money Walks…Away from Maryland.
The book’s web site has an interactive map which lets you see how your state or county measures up in terms of AGI lost or gained. Maryland’s data is not surprising for anyone who has been paying attention the last few years. (Click on the images to view them full size.)
Groups like Change Maryland have been telling us for some time now that people and money are fleeing the O’Malley regime’s taxapalooza and this data seems to support that. Interestingly the money is primarily walking out Montgomery County, Prince George’s County and Baltimore County, all of whom have been dominated by Democrat county executives for decades.
Most of Maryland’s AGI walked to Florida, which has no state income tax.
Today Governor O’Malley and Senate President Mike Miller have been trying to polish the turd that is the Maryland economy in response to Texas Governor Rick Perry’s public push to lure Maryland businesses down to the Lone Star State. Maybe they should have checked the data first. Of course, facts don’t matter much to those guys.