Wednesday, May 30, 2012

Maryland Taxes Spark Largest Exodus of Any State in Region

Maryland Taxes Spark Largest Exodus of Any State in Region


Annapolis, MD - Maryland accounted for the largest migration exodus of any 
state in the region between 2007 and 2010, with a net migration resulting in
nearly 31,000 residents having left the state.  Where did most of them go?
Virginia.  Virginia is now home to 11,455 former Marylanders, taking $390 
million from the tax rolls during this three-year period.

The Old Dominion can claim these former Maryland revenues as part of its 
expanding tax base. Following Virginia, Marylanders opted for North Carolina.

"What happens when you raise taxes and fees 24 times?,"  asked Change
Maryland Chairman Larry Hogan. "You get people voting with their feet
and moving to tax-friendly states."  Since 2007, Governor O'Malley has raised
taxes and fees 24 times, taking an additional $2.4 billion out of the economy
each year according to a Change Maryland analysis based on state government 

The analysis, from the non-partisan Tax Foundation, examines IRS tax
return data to determine where individuals are filing.

In the region, Delaware, Virginia and West Virginia increased the
number of tax filers.  The District of Columbia and Pennsylvania lost
tax filers, although in these jurisdictions the loss was not nearly as
dramatic as in Maryland.  The District lost just over 1,100, while
Pennsylvania lost just over 8,200.

Nationally, Maryland did not fair much better either.  Maryland joins
high-taxed, rust belt states including New York, California, Michigan,
Illinois, Ohio and New Jersey among states with largest mass exodus
between 2007 and 2010.   Maryland saw the seventh-highest negative net
migration after these states.

In all, Maryland lost $1.7 billion form the tax base due to out
migration during this three year period.


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