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Politics : Formerly About Advanced Micro Devices

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To: longnshort who wrote (1206464)3/5/2020 5:38:08 PM
From: J_F_Shepard  Read Replies (1) of 1577737
 
Md noted for high real estate taxes.....

As Marylanders do their taxes, many are asking: Why'd I get such a big tax hike?








By Luke Broadwater


The Baltimore Sun |
Feb 15, 2019 | 4:10 PM



















This July 24, 2018, file photo shows a portion of the 1040 U.S. Individual Income Tax Return form. (Mark Lennihan / AP)







Baltimore lawyer Eric Hontz had heard about how some blue, high-tax states like Maryland weren’t expected to fare well under the sweeping changes to the federal tax code that President Donald Trump and congressional Republicans enacted in 2017.




But the 36-year-old Reservoir Hill resident didn’t realize how hard he’d be hit until he started doing his taxes.




Hontz estimates he’ll have to pay thousands more in taxes this year than last — a burden he says will force him to rent out a room in his family’s house.




“This is the continuing screwing over of the millennial generation,” he says. “It seems like the hardest ones hit are dual-income couples.”




Across Maryland, many people are receiving similarly bad news as they do their taxes. The comptroller’s office reports the state’s average tax refund so far has decreased by about 6.1 percent — to $983 — since last year, a drop the director of revenue estimates calls “extraordinary.”




[Most read] At what cost? For Baltimore’s poorest families, the child support system exacts a heavy price — and it’s hurting whole communities »


“It will be interesting to see what happens as more of the tax base learns of this and gets more vocal,” said Andrew M. Schaufele, who leads the Bureau of Revenue Estimates.

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