Biggest tax hit? Look out, Maryland


The Washington Times

Biggest tax hit? Look out, Maryland

Jason J. Fichtner | Dec 05, 2012

This excerpt originally appeared in The Washington Times on Demember 05, 2012.

Jason Fichtner, a senior research fellow for George Mason University’s Mercatus Center, said larger federal tax bills would result all around, and it would be only the beginning for many people. Elimination of certain deductions would raise the amount of federal taxable income, he said, which in most states serves as the starting point for state and local taxation. “For the majority of states, they piggyback off the federal income-tax return,” Mr. Fichtner said. “Everybody across the board would see an increase in their taxes.”
' '