State News

How Money Walks…Away from Maryland.

Our friends at the Missouri Torch posted today about money (in terms of adjusted gross income or AGI) leaving Missouri. The data is from a book by Travis H. Brown entitled How Money Walks.

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.)

The red states lost adjusted gross income (AGI). The green states gained AGI.
The red states lost adjusted gross income (AGI). The green states gained AGI.

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.

Maryland lost AGI overall because of Montgomery, Prince George's and Baltimore counties.
Maryland lost AGI overall because of Montgomery, Prince George’s and Baltimore counties.

Most of Maryland’s AGI walked to Florida, which has no state income tax.

Most of Maryland's lost AGI went to Florida, which has no state income tax).
Most of Maryland’s lost AGI went 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.

Maybe Mike Miller and Martin O'Malley shouldn't be talking about how Maryland's economy is better than that of Texas.
Maybe Mike Miller and Martin O’Malley shouldn’t be talking about how Maryland’s economy is better than that of Texas.

No Comment

Leave a reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>