As the 2012 session rolls on, Maryland’s middle class families are on the governor’s chopping block. New limits on itemized deductions (mortgage/charity) as well as reduced personal exemptions will cost families thousands of dollars and turn many of our struggling households into crisis mode.
The O’Malley administration and the Democratic leadership in the General Assembly will pursue taxes on all internet sales. This even includes a tax on all downloaded applications for your Smart phones.
Even those seeking to shelter their investment portfolio in Gold will face a new Sales Tax on precious metal coins and bullion. Couple all of this with gasoline taxes rising 66%, and a 100% increase in the Flush Tax, it becomes clear that all Maryland families are squarely in the cross hairs of this budget