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Lawmakers Make Progress on Income Taxes

April 8th, 2012 by WCBC Radio

A panel of Maryland lawmakers made progress on Saturday on proposals to raise income taxes for people who make more than $100,000 annually. Lawmakers aim to balance the books for the next fiscal year and reduce a $1.1 billion deficit in the state of Maryland and have worked numbers to raise taxes for those who are the wealthier in the state. Depending on the amount of income, taxes could be applied that would raise taxes anywhere from 4.75 to 5.25 percent.

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