Most households that get The Examiner delivered to them will see their state taxes rise $83 to $244 next year, according to figures released by the Maryland Department of Legislative Services.
The figures are not much different from those estimated by the legislature?s nonpartisan staff two weeks ago for the House of Delegates? version of the tax package.
According to the DLS numbers released Friday, most families making less than $150,000 a year will see their state and local income taxes go down $111 to $172 a year, due to increases in the personal exemption for most taxpayers and higher earned income credits.
But the 1-cent increase in the sales tax and a similar increase in the vehicle titling tax more than offset income tax reductions. The new estimates do not include the impact of the $1-a-pack cigarette tax increase. According to the American Lung Association, only 21 percent of adult Americans smoke.
A family with $40,000 income will see a net increase of $7 in state taxes. A family with $75,000 in household income will see state taxes rise $83; a family making $150,000 will see taxes go up $244; and a family with $750,000 income will see its taxes increased by $2,659.
The families over $40,000 are presumed to itemize deductions. There are also variations by family size and marital status. A single person making $150,000 would see income taxes go up by $48, while a family of four would see taxes go downby $255.
Most Examiner households are in neighborhoods of single-family homes making more than the median income, which ranges from $63,000 in Baltimore County to $87,000 in Montgomery County and $93,000 in Howard County.
