TAX STATS

• Maryland has the 7th highest state-local tax burden in the U.S. Residents of Maryland paid 10.6 percent of income in state-local taxes in the fiscal 2011. The national average is 9.8 percent

• By comparison, Pennsylvania ranked 10th at 10.3 percent and Virginia ranked 30th with 9.42 percent.

• New York at 12.6 percent was the highest and Wyoming at 6.9 percent was the lowest percentage of income.

Source:  Baltimore Business Journal, April 2, 2014. Got an interesting Fast Fact for a business audience? Please send and share it with our 1,653 subscribers. Click here to signup to have Read|Delete delivered to your inbox every Monday. Mike Mercurio

mmercurio@offitkurman.com | 301.575.0332 http://www.michaelmercurio.net

Linkedin | Read|Delete | Connections |