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Supreme Court strikes down Maryland tax law
http://www.cnbc.com/id/102687566?trknav=homestack:topnews
The Supreme Court on Monday struck down a Maryland tax that has the effect of double-taxing income residents earned in other states.
The justices agreed with a lower court that the tax is unconstitutional because it discourages Maryland residents from earning money from outside the state.
The 5-4 ruling means the loss of hundreds of millions of dollars in revenue for Maryland's coffers and affects similar tax laws in nearly 5,000 local jurisdictions in other states, including New York, Indiana, Pennsylvania and Ohio.
This could be rough for many Maryland localities, since so many people have jobs in DC, Virginia & Delaware.
Edited to add: don't know why that smiley is showing up, it copied in with the link?
