D.C. Taxes: The Sky Is the Limit
As if it’s a great thing to uphold an ever-growing state and corporate tax threshold much like we do already with our country’s national debt, D.C. councilman and enthusiast of all things government, Jack Evans had some choices words for how he feels about neighboring states raising costs on almost everything. Fun fact: D.C.’s corporate tax rate is the second highest in the nation next to Pennsylvania (as a country we’re number one in the world).
“Virginia is 6 percent, Maryland is — thank God Maryland keeps raising their taxes,” said Evans, as he opened the Committee on Finance and Revenue hearing. “One of these days they’re going to catch up to us. Maryland is at at 8.25 percent, up from 7 percent.”
As long as it translates into state winnings then all is right with the world. The more financial wiggle room the better huh? The Washington Examiner put out a great and concise article about Evans ultimate love for being able to have the potential room for higher taxes by increasing the bottom end of surrounding states. Who doesn’t love that. When one state or district has a higher rate then the other(vice versa) than you can use that as an excuse to the let the government good times roll.
Evans, who chairs the committee, made the comments as he listed taxes in the District that he believed were unnecessary or too high compared with its neighbors. In addition to the corporate income tax, Evans said the city’s unincorporated business tax, its estate tax, out-of-state municipal bond tax and sales tax were too high.
A Dem talking about taxes being too high? Happy days are here again. But at least words speak louder than actions, or is it the other way around. S—. Let’s see if he puts his money where his mouth is. Though at least they put on an exciting dog and pony show for the people. Those are always fun.