Unlimited Access. Try it Today! Your First 10 Days Always $0.99
News Opinion Readers Respond

Md. retirees are lucky if they're affected by O'Malley's income tax hike

Constance Kihm writes that she is leaving Maryland because she "can no longer afford to support fiscal and social programs with which we do not agree" ("Farewell, my Maryland, farewell to taxes, farewell to extreme liberalism," May 10). She resents that Maryland "feels it is entitled to increase the tax burden on our hard-earned retirement income."

I am a pensioner who turned 65 last year. I discovered that Maryland does not tax the first $27,100 of retirement income! This saved my wife and me about $4,000 in state and local income tax for 2012.

If Ms. Kihm is paying higher income taxes as a result of the 2012 income tax increase, it means that she and her spouse have more than $150,000 in taxable income. On the first $50,000 above $150,000, they would owe an additional $125.

Charlie Cooper, Baltimore

Copyright © 2015, The Baltimore Sun
Related Content
  • Maryland's unfriendly business climate kills another 1,000 jobs
    Maryland's unfriendly business climate kills another 1,000 jobs

    Maryland is incredibly unfriendly to business with its heavy burden of regulations, high taxes and an out-of-control minority business enterprise extortion process that enriches a few African-Americans without hiring the inner city minorities it is designed to assist ("The Bechtel blame...

  • Senator displays his own arrogance
    Senator displays his own arrogance

    State Sen. Paul Pinsky writes an appropriately-named commentary condemning corporate lobbyists and maintaining that he and his fellow Democrats will fight against this "corporate victory" in the past election ("Post-election arrogance?" Nov. 14). That's funny. I was under the apparently...

  • Hogan's fiscal realities
    Hogan's fiscal realities

    When Republican Larry Hogan was elected governor this month, his platform was narrow and clear: Roll back as many of the tax increases of the last eight years as possible. When he made that promise, he knew he faced a $405 million shortfall in this year's budget and next year's as soon as he...

  • Congress must create a level playing field for bricks-and-mortar businesses and online vendors
    Congress must create a level playing field for bricks-and-mortar businesses and online vendors

    During the next few weeks Congress will have the opportunity to pass e-fairness legislation, which will update our sales tax system and restore fairness to small businesses in our community.

  • A bad investment
    A bad investment

    Maryland's film industry employs a lot of good people, mostly highly skilled laborers. Because the state has been home to a string of television series over the years, of which "Veep" and "House of Cards" are only the latest, many of them have set down roots here and have contributed to the...

  • No major tax rollbacks?
    No major tax rollbacks?

    Senate President Thomas V. Mike Miller told some reporters this week what most State House observers have long suspected — we should not expect some sweeping reduction in taxes during the upcoming legislative session. He also produced a spirited defense of the tax increases approved...

  • Can Hogan get state spending under control?
    Can Hogan get state spending under control?

    A recent report failed to recognize that the major contributors to Maryland's and every other state's fiscal problems are their government employee pension plans ("Business groups look to reduce tax burden for some," Dec. 5).

  • Hogan's fiscal rhetoric meets reality
    Hogan's fiscal rhetoric meets reality

    When Gov.-elect Larry Hogan proclaimed the need for "strong medicine" to cure Maryland's fiscal state, he drew some jeers from the Democrats in Annapolis. The O'Malley administration bristled at the notion that he was bad-mouthing the incumbent governor's fiscal management. Sen. Richard...

Comments
Loading