Revenue Agreement Makes Maryland's Tax Code Fairer

Tax reform impacts as a percentage of income, by income group

Bar chart showing tax reform impacts as a percentage of income by income group, where the revenue agreement makes Maryland's tax code fairer.
Includes income tax reform, capital gains tax, data/IT services sales tax, other sales tax changes, cannabis tax, and vehicle excise taxes.

Income ranges:

Bottom 20%: Less than $35,000
Second 20%: $35,000 to $67,000
Middle 20%: $67,000 to $111,000
Fourth 20%: $111,000 to $170,000
Next 15%: $170,000 to $379,000
Next 4%: $379,000 to $845,000
Top 1%: $845,000 or more
Chart: Maryland Center on Economic PolicySource: Institute on Taxation and Economic Policy Microsimulation Tax ModelGet the dataCreated with Datawrapper