2022 Sales Tax Holidays: Bad Policy Any Year, But Especially in Response to High Inflation
However well-intended they may be, sales tax holidays remain the same as they always have been—ineffective and inefficient.
43 min read
Maryland Tax Rates, Collections, and Burdens
How does Maryland’s tax code compare? Maryland has a graduated individual income tax, with rates ranging from 2.00 percent to 5.75 percent. There are also jurisdictions that collect local income taxes. Maryland has a 8.25 percent corporate income tax rate. Maryland has a 6.00 percent state sales tax rate and does not levy any local sales taxes. Maryland’s tax system ranks 46th overall on our 2023 State Business Tax Climate Index.
Each state’s tax code is a multifaceted system with many moving parts, and Maryland is no exception. The first step towards understanding Maryland’s tax code is knowing the basics. How does Maryland collect tax revenue? Click the tabs below to learn more! You can also explore our state tax maps, which are compiled from our annual publication, Facts & Figures: How Does Your State Compare?
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All Related Articles
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While many factors influence business location and investment decisions, sales taxes are something within policymakers’ control that can have immediate impacts.
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State Tax Reform and Relief Enacted in 2022
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State Tax Changes Taking Effect July 1, 2022
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Two Dozen States Show Why the Kansas Critique of Income Tax Cuts Is Mistaken
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Ranking Property Taxes on the 2022 State Business Tax Climate Index
Which states have the highest property taxes in 2022? See how your state compares in property taxes across the United States
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Ranking unemployment insurance tax codes on the 2022 State Business Tax Climate Index. Learn more about state unemployment insurance tax code and systems.
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State and Local Tax Burdens, Calendar Year 2022
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