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Through a merger between the Baltimore Washington Corridor Chamber and the West Anne Arundel County Chamber in early 2017, the Central Maryland Chamber of Commerce (CMCC) was created. We are dedicated to providing networking, information and growth resources to all sizes and kinds of businesses, agencies, institutions and organizations. Our connections to business, industry, academia, government are unparalleled.

RS data again shows taxpayers leaving Maryland

U.S.-map-how-money-walks

Recently released data from the IRS shows that about 5,500 more taxpayers left Maryland in 2012 than moved to the state.

Long-cited by tax critics as annual data that show the migration of taxpayers to lower-taxed states, some experts caution that not too much should be read into year-to-year changes.

“The IRS data presents a snapshot in time for Maryland,” said Daraius Irani, chief economist at the Regional Economic Studies Institute of Towson University. “While many would argue that aha, ‘MD is a high tax state and therefore people are leaving as a result,’ this is a fallacy as it confuses causality with correlation.”

Read full article here from Maryland Reporter

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