Maryland millionaires’ massive migration.
There is a glaring inaccuracy in the linked WSJ article on vanishing Maryland millionaires. Essentially, It is not “a two-minute drill in soak-the-rich economics:” Maryland couldn’t balance its budget last year, so the state tried to close the shortfall by fleecing the wealthy. Politicians in Annapolis created a millionaire tax bracket, raising the top marginal income-tax rate to 6.25%. And because cities such as Baltimore | Read More »