As you might expect... a lot depends on your income LEVEL ... let me just give you the data, and the we can go from there
Tax Rate Range: Low – 2%; High – 5.5%; Maryland’s 23 counties and Baltimore City may levy an income tax ranging from 1.25% to 3.15% of taxable income. Click here for local rates.Income Brackets: Lowest – $1,000; Highest – $1,000,000Number of Brackets: 7Personal Exemptions: Single – $3,200; Married – $6,400; Dependents – $3,200. For more information click here.Additional Exemptions: If you or your spouse is 65 or older or blind, you are entitled to an extra $1,000 personal exemption, in addition to the regular personal exemption that you may be entitled to. If you have a federal adjusted gross income of up to $100,000 (up to $150,000 if filing jointly) you are entitled to a $3,200 exemption on the Maryland return for each exemption you are qualified to claim on the federal return.Standard Deduction: $1,500 or 15% of Maryland adjusted gross income to maximum of $2,000 for single returns; $3,000 up to $4,000 for married filing jointly.
Tax Rate Range: Low – 2.0%; High – 5.75%Income Brackets: Lowest – $3,000; Highest – $17,000Number of Brackets: 4Personal Exemptions: Single – $930; Married – $1,860; Dependents – $930 Does not include exemptions for age or blindness.Standard Deduction: Single – $3,000; Married filing jointly – $6,000
TO be a little more specific on the brackets here's VA:
If your taxable income is $54,000, your tax is $720 + 5.75% of the amount over $17,000.
This equals: $720 + (.0575 x $37,000) = $720 + $2,127.50 = $2,847.50 which should be rounded to $2,848.
And here's Maryland:
This site also includes the local county atxes by county in Maryland: http://www.choosemaryland.org/factsstats/Pages/PersonalIncome.aspx
And finally, here's an excellent article that digs into it pretty well (MD vs VA) and shows how the income level and other factors change the decision: http://voices.washingtonpost.com/rawfisher/2008/01/who_pays_more_taxes_virginia_m.html
A new comparison of the tax burdens in the D.C. area reveals that the stereotype of tax-loving District bureaucrats hoovering up residents' riches is true for the lowest income level--the $25,000 a year family indeed faces a greater burden in Washington than in suburban Maryland or Virginia.
But at the $50,000 income level, the District turns out to have the lowest tax burden of the three jurisdictions, and for the next three higher income brackets--families earning $75,000, $100,000 or $150,000 a year--the District lands pretty much in the middle, ranking third among six area jurisdictions.
Ah I see you're typing I'll wait
OK just a sec...
Single or joint?
in VA that puts you at 4170
MD you're at 2550
SO much more is taxed n VA at the highest bracket
in VA you're at 5.75% over 17000 ... in MD you're at 4.75 from 3000 to 150000
Let me use a quick model to make sure we've taken any state deduction into account
Sorry the formatting was atrocious when pasted in , BotXXXXX XXXXXne the numbers are not as different as you might think from just looking at the tax tables
Let me see if I can paste this to a table and the get it it here for you ... but basically, entering 60000 as the income, with the default standard deduction and exemption for both states VA is 2966 and MD is 2550 .... If you can hang on a minute, I'll show you the calculation
Here's the comparison:
HERE'S THE MODEL IF YOU'D LIKE TO PLAY AROUND WITH THE NUMBERS (different income levels, etc) http://www.tax-rates.org/maryland/income-tax and http://www.tax-rates.org/virginia/income-tax
Let me know if I can help further
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I still don't see you coming back into the chat here ... I'll move us to the "Question & Answer" mode ... maybe that will help
Let me know if you ave further questions