Governor's Tax Plan Is a Windfall for the Wealthy

Approximate distribution of tax cuts under Hogan retiree income tax elimination plan by federal AGI

Stacked bar graph showing the likely distribution of the governor's proposed tax cuts by income group.

Left bars show the distribution of Maryland income tax revenues by income group among filers ages 65 or older, tax year 2020. Right bars show the share of all Maryland tax filers by income group, tax year 2019 (most recent available).

Chart: Maryland Center on Economic Policy Source: HB 420 Fiscal and Policy Note; IRS Historic Table 2, TY 2019 Get the data