The Tax rate calculation in Maryland?

Submitted by jbanks729 on Thu, 09/07/2017 - 11:02

Tags:

Hello,
My wife and I live in Maryland and when I run the planner your tax calculations in MD seem to come up short. I am wondering if you are accounting for the local county taxes which can add up to 3% plus to the calculation.
Thanks,
J. Banks
jbanks729@gmail.com

Comments

dan royer

Thu, 09/07/2017 - 16:18

Permalink

No we only account for

No we only account for federal and state taxes.

You could just consider that 3% part of your discretionary spending, or you could enter a series of payments as special expenditures.

Sorry, there would just be far too many local taxes to track across the country, let alone keep up with their changes. :)

Best,

Dan

Subscribe to RSS feed

Disclaimer: The suggestions and recommendations provided by Economic Security Planning, Inc.'s software tools and planning services do not constitute financial or investment advice. The creators of Economic Security Planning's software are not certified, registered, authorized, or any other form of financial planners. Economic Security Planning, Inc. is not an investment adviser registered with the U.S. Securities and Exchange Commission or any state securities agency, is not a registered broker-dealer and maintains no other regulatory credentials associated with the management of financial assets. Economic Security Planning, Inc. does not guarantee that the suggestions and recommendations derived from its software tools and planning services will necessarily achieve a secure economic plan. Like any software products, Economic Security Planning, Inc.'s software tools may have errors in its underlying code, and the assumptions about the future that it makes and that users input may prove false. In addition, output from the software tools and planning services may incorporate data obtained from third parties and such data (including any calculations that is based on such data) is provided on an “as is” basis. From time to time the output may contain errors that may be based upon, among other things, human data entry, aggregation and decompilation of data, processing of data through third party calculation engines and other processes that can give rise to errors. The company's financial plans and recommendations, including all of such plans and recommendations provided by its direct planning services, should be viewed as suggestive and informative educational inputs into your financial decision-making. None of our products or services recommend the purchase of specific financial products.

Design by Zymphonies

ESPlanner

The Tax rate calculation in Maryland?

Comments

No we only account for

Your Living Standard

Help and Support

Learn More

Recent Press Articles

Case Studies

Other Products