Wednesday, December 12, 2007

Countdown to Insolvency

Oh, the People's Republic state of Maryland might be solvent through Martin O'Malley's $1.3 billion tax hike [guffaw], but taxpayers and businesses? Not so much. As this Weekly Standard article points out:

It's not just the largest tax hike in the state's history but the first time in the history of the United States that a state has lifted its income tax, sales tax, and business tax all in the same year.
Hence, I have placed a countdown clock at the top right of my blog which tracks the days, hours, and minutes until the tax increases all take effect on January 1 . . . the date on which Maryland officially sends businesses and residents alike scurrying for the Potomac River or the Mason-Dixon Line.

So if you were ever thinking of living in or relocating your business to the Old Line State, please wait until at least 2011. Thanks.