Annapolis City Council Votes To Raise Taxes
Annapolis City Council Votes To Raise Taxes Say it is a response to the “GOP Taxscam” Annapolis (SPP) – The Annapolis City Council voted last night to raise taxes in response to the Republican tax bill that recently passed Congress. Called the Tax Fairness Act, it imposes a 14% corporate income tax on city businesses. The GOP tax bill reduced corporate taxes from 35% to 21%. Similarly, using a complex formula, an income tax will be assessed on residents depending on how much they saved on their taxes. For example,…
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