Taxes and Budget Maine still has work to do in building a balanced and adequate tax code Building an inclusive economy requires tax policy that meets two conditions. The first is that those with the most are asked to pay more, or at the […] Sarah Austin Posted October 17, 2018 Tags Income Tax, Tax Fairness, Taxes
Taxes and Budget Policy Brief — Wealthy Mainers have deep roots: Why taxes don't spur interstate moves Summary: Mainers want to live in thriving communities with good schools, affordable housing, safe roads, reliable public services and good jobs. Shoring up public investments that make […] Sarah Austin Posted October 15, 2018 Tags Income Tax, Tax Fairness, Taxes
Taxes and Budget New report: Since Bush Tax Cuts, wealthiest one-fifth of Americans have reaped 65 percent of federal tax breaks In a new report, the Institute on Taxation and Economic Policy reveals that tax cuts since the George W. Bush administration have disproportionately benefited the wealthiest American […] Sarah Austin Posted July 16, 2018 Tags Income Tax, Tax Breaks, Tax Fairness, Taxes
Taxes and Budget Income Tax Cuts for the Wealthy or Property Tax Cuts for Everyone: A tale of two budgets According to the online calculator put out by the Maine Center for Economic Policy, a Rockland family with two children earning $56,000 a year and owning a […] The Free Press Posted April 27, 2017 Tags Budget, Income Tax, Property Tax, Tax Fairness, Taxes
Taxes and Budget Not filing an income tax return? You could be leaving as much as $1,000 on the table! As the deadline for filing income taxes approaches, tens of thousands of Mainers who don’t owe any income tax should still file a return in order to […] Garrett Martin Posted March 31, 2017 Tags EITC, Income Tax
Taxes and Budget Testimony neither for nor against LD 513, An Act to Eliminate the State Income Tax for Maine Public Employee Retirement System Pensions “The primary beneficiaries of complete elimination of state income tax for MainePERS pension are likely to be wealthier households. Ultimately, these outcomes would subvert rather than enhance […] Mark Sullivan Posted February 27, 2017 Tags Income Tax
Taxes and Budget Maine Sunday Telegram overstates the impact of Governor LePage's proposed income tax changes (chart 1) Mark Sullivan Posted January 18, 2017 Tags Budget, Income Tax, Taxes
Taxes and Budget Maine Sunday Telegram overstates the impact of Governor LePage’s proposed income tax changes (chart 2) Mark Sullivan Posted January 18, 2017 Tags Budget, Income Tax, Taxes
Taxes and Budget How Maine's Personal Income Taxes Work Mainers calculate their state personal income tax in three basic steps. The 2015 state budget changes how Mainers will calculate each step. Step One: Calculate Taxable Income […] Mark Sullivan Posted February 22, 2016 Tags Income Tax
Taxes and Budget MECEP Statement on Gov. LePage's Proposal to Seek a Ballot Initiative to Reduce Maine’s Income Tax to 4 Percent by 2021 Augusta, Maine (Tuesday, September 22, 2015) The Maine Center for Economic Policy (MECEP) issued the following statement in response to media reports that Gov. LePage and the Maine Republican Party […] Posted September 22, 2015 Tags Income Tax, Tax Breaks, Tax Fairness, Taxes