ByÂ Emily Hatton and Elizabeth Sallie-The Washington Times
Maryland lost the most residents in the mid-Atlantic between 2007 and 2010 â€” and many of them moved to Virginia, according to a study released Tuesday.
Almost 40,000 Marylanders crossed the Potomac River for new homes in Virginia, taking $2.17 billion with them, according to theÂ Internal Revenue ServiceÂ data used in the study conducted byÂ Change Maryland, a nonpartisan group advocating for less state spending and lower taxes.
â€œPeople vote with their feet,â€ he said, adding that tax policies â€œabsolutelyâ€ are tied to the number of people leaving the state. Critics have said Maryland has less-friendly tax policies than Virginia, and new income-tax increases for the stateâ€™s highest earners went into effect Sunday.
The study analyzed data from theÂ IRSÂ Statistics ofÂ Income DivisionÂ to show county-by-county changes in the stateâ€™s tax base. The numbers represent people who have left Maryland for Virginia and do not take into account people who have moved to the state and their income levels.
According toÂ Change Maryland, the Free State suffered a larger loss in its tax base than 43 other states.
â€œThe benefits of a growing tax base ease the pressure to raise revenues and, conversely, a shrinking tax base often leads to a troublesome tax-and-spend downward spiral as actual revenues fail to meet estimates,â€ saidÂ Change MarylandÂ ChairmanLarry Hogan.
Decreasing population was most prevalent in larger jurisdictions, according toÂ Change Maryland.
Prince Georgeâ€™s County lost more than 44,000 people, and 36,600 left Baltimore County.
Montgomery Countyâ€™s tax base declined by $22 million.
Change MarylandÂ found only six states that lost more people in the three-year period: New York, California, Michigan, Illinois, Ohio and New Jersey.
Nearby, the District lost more than 1,100 residents; Pennsylvania lost more than 8,200. Delaware, Virginia and West Virginia, on the other hand, gained tax filers, according toÂ Change Maryland.
To read more, visit:Â http://www.washingtontimes.com/news/2012/jul/3/marylanders-move-in-droves-to-virginia/
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