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New State Income Tax Law Takes Effect Sunday

June 30th, 2012 by WCBC Radio

Another new Maryland tax will take effect this Sunday. According to WBAL News, under the income-tax law, single taxpayers with a gross income above $100,000 will see their taxes rise from a 0.25% to 0.50%. This also applies for couples earning over $150,000 annually. The tax increases will be retroactive to January.

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