Many business owners know that the state personal income taxes are not always entirely personal. For example, S corporations often pay income tax on their earnings through their owners.
One of the main arguments that business groups have advanced against Gov. Martin O’Malley’s new income tax plan (to add new brackets for single taxpayers who make more than $150,000) is that business owners — not just wealthy individuals — will shoulder much of the load.
I want to hear from you for a story I will be writing over the next few days, especially if you own your own business. Are you worried about the personal income tax changes? How do you think they will affect Maryland? And will you be hurt (or helped) by the expansion of the state sales tax?
Please email (andy.rosen@mddailyrecord.com) or call me at (443) 524-8175.
-ANDY ROSEN, Business Writer
Monday, October 1, 2007
Help Andy Rosen with his taxes!
Note: a nod to The Menu Pages blog for the image.
Posted by The Daily Record at 2:02 PM
Labels: government, taxes
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