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| Serial origamist Has Achieved Nirvana  |
Does anyone here live in Maryland? Seems to me there is at least one. Someone in a cluttered house. Perhaps others? What’s the tax structure and overall tax burden in Maryland? Especially, is pretax 401(k)/deductible IRA withdrawal subject to local income tax? Asking for a friend.
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Has Achieved Nirvana |
MarkB lives in Maryland. He hasn’t posted on here in a long time but he’s on FB. I can probably get his email address if you want.
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Has Achieved Nirvana |
I have a friend who lives in Baltimore. I'll ping her.
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| Serial origamist Has Achieved Nirvana |
Thanks. I found some info. Seems that state income taxes are pretty high. Counties also have an income tax, but in Charles county, it doesn't apply to income other than earned income. It would be nice if there was some single web site where you could put in a number of parameters like the value of your home, your earned income, your investment income, and annual spending (with or without groceries, as applicable) and it would give you an approximate tax burden by state. Washington may not be a bad place to retire. No state income tax. High sales tax, but one may not need to buy as much in retirement. The property tax is a doozy. I just found out that on average, it's higher than Oregon. That was a surprise. I've known a lot of people who retire to the Vancouver, Washington area. They pay Washington income tax (zero), and for large purchases, drive over the river to Portland and pay Oregon sales tax (zero).
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| Serial origamist Has Achieved Nirvana |
I miss markb.
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| czarina Has Achieved Nirvana  |
Cindy lives in MD, doesn't she?
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| Does This Avatar Make My Butt Look Big? Minor Deity  |
Yes, but I don’t know tax rates. I can say Maryland is a great place to live, though. Everything is efficient, services are good. Proximity to DC is good for having things to do. And it’s a blue state that doesn’t tolerate wild eyed Republican nonsense. | |||
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| (self-titled) semi-posting lurker Minor Deity  |
Swoon.
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Has Achieved Nirvana |
I like the Annapolis area. Love the bay. Bob said the taxes are very high. sigh Rankings Alaska will probably lose that ranking due to the changes in the oil industry.
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| Serial origamist Has Achieved Nirvana |
Yeah. That’s what I was looking for, but I’d like to add in sales tax and property tax. Thanks, bro.
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| Serial origamist Has Achieved Nirvana |
Good to know. When I lived in that area, I lived on campus in DC for a couple years, then moved into the VA ‘burbs: Falls Church, McLean, Vienna. I worked in Bethesda the last few years, just over the freeway from Monty Mall. The location being discussed is Waldorf… south and a little east of the city. It looks like you have to go all the way up to the beltway to get over the river into Virginia.
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| czarina Has Achieved Nirvana |
My childhood home. An idyllic place to grow up.
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