Maryland
1 Look at the state general sales tax proportion. How important is the general sales tax to your state… more or less important as compared to the average of all states? More or less important as compared to the 6 states we’ve looked at?
General sales tax makes up 9.8% of Maryland’s income, which ranks it 3rd among the six states looked at but nearly 2 percentage points below the U.S. national average. At roughly 10 percent of the state’s revenue, the general sales tax is an important revenue source for the state.
Among the six states examined, New Jersey takes in the most from general sales tax, with 13.5% of its revenues coming from this stream.
Pennsylvania is second with 10.6%. And Maryland just behind it.
West Virginia is fourth with 7.9% and Virginia is fifth with 6.6%
Delaware has no sales tax so it brings in now revenue from this source.
So while the general sales tax is important to Maryland compared to the other six states, it is still 1.7% lower than the national average.
Thus, in effect, it is important but not as important as it is to the majority of the other U.S. states.
2 Look at the local property tax proportion. How important is the property tax to the cities and counties in your state… more or less important as compared to the average of all states? More or less important as compared to the 6 states we’ve looked at?
Local property tax is very important to the cities and counties in Maryland, making up 27.4% of the local income proportion. However, it is less important than compared to the six other states examined here (ranking 4th among the states). Maryland’s local property tax t is 1.6% greater than the U.S. national average—which means that Maryland’s...
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