-Liberal tax and spend legislature, led by Gov. O’Malley raised most of the major taxes in fiscal year 2009.
-Corporate income tax raised from 7% to 8.25%
-Sales tax raised from 5% to 6%
-Personal income tax rate raised from 4.75% to 6.25%
-plus a weighted average local option rate of 2.98%
-Four new income tax brackets on filers earning more than $150,000/year
-Cigarette excise tax raised from $1.00 to $2.00 per pack