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Tuesday, December 12, 2017

the county’s top 50 taxpayers reported 50 percent less in capital gains in 2016 than in 2015—$1.2 billion in 2015 compared to $600 million in 2016. That drop contributed to $21 million less in county income tax revenue.

Montgomery County Bracing for Long-Term Revenue Decline: Projected revenue decline attributed to wealthy individuals paying significantly less in income taxes; future job cuts not ruled out

5 comments:

  1. Too many overpaid bureaucrats and a top heavy government will do it every time.

    ReplyDelete
  2. Your elected officials have been courting low income jobs. What did they expect was going to happen?

    ReplyDelete
    Replies
    1. Are you an out-of-towner?

      Delete
    2. Nope. been here for decades.

      Delete
    3. Court low income jobs, raise minimum wage, create a shortfall, raise taxes.

      Delete

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