Don’t look now but Maryland, a state that has a reputation for being a little too fond of imposing taxes, is on the verge of enacting a substantial tax reduction. No, this is not an early April Fool’s joke. As improbable as it may sound, the home of the dreaded bag tax, hard surface run-off tax and a plethora of other ways to separate its residents from their money is on the verge of enacting a law that will result in a significant reduction in the amount of estate taxes paid to the state, which is estimated to total more than $100 million per year when the law is fully phased in on January 1, 2019.
Blog Archive: March 2014
Most people have car insurance and health insurance. Some people even have pet insurance! If you own property, you most likely have homeowner’s insurance. But how many people have title insurance and/or even know what it covers?
Will Prince George’s County residents face less fairness than others if The Fairness for All Marylanders Act of 2014 (SB 212) becomes law? Possibly.
On March 5, 2014, the Maryland Senate passed SB212 (2014), historic legislation providing the protections of Maryland’s employment, public accommodations, and housing anti-discrimination laws to transgender persons. Passing by a vote of 32-15 in the Senate, the bill reportedly passed with the largest margin ever for an LGBT-rights bill in Maryland.
“HELP WANTED” (BUT NOT REALLY): What constitutes “voluntary impoverishment” and what’s that have to do with me?
When two parties divorce (or seek custody of children), often one or both of the parties will seek child support and/or alimony. Sometimes one of the parties has been unemployed (particularly with a stay at home mother) or under-employed. But now, you will have two households, two sets of entirely separate living expenses, and additional costs – based on the salary and incomes you had while living together.