Taxes and Budget Rollback of LePage’s estate tax cut for multi-millionaires would raise $14 million The estate tax threshold is currently set at $5.8 million for any individual who has property in Maine, meaning that up to $5.8 million of a person’s […] Beacon Posted March 2, 2020 Tags Estate Tax, Tax Breaks, Tax Fairness, Taxes
Maine’s Economy, Taxes and Budget Policy Brief: To address wealth inequality, Maine must strengthen its estate tax More and more of society’s wealth is concentrated in the hands of a few families. At the same time, taxes that target the wealthy have been slashed, […] Sarah Austin Posted February 27, 2020 Tags Estate Tax, Inequality, Revenue, Tax Fairness, Taxes
Taxes and Budget Report says Maine losing $52 million a year to overseas tax havens The Maine Center for Economic Policy said that overseas tax havens mean companies like Apple pay lower or no taxes abroad on profits actually made here. “Businesses […] Fox Bangor Posted February 11, 2020 Tags Revenue, Tax Breaks, Tax Fairness, Taxes
Taxes and Budget Maine's Legislature has a chance to stop corporations like Walmart from using 'dark store theory' to rig the property tax code Big-box chains benefit from the fire and police protection and infrastructure provided by our municipalities. Their employees and their children benefit from the public education provided by […] Sarah Austin Posted February 6, 2020 Tags Property Tax, Tax Fairness, Taxes
Taxes and Budget REPORT: Corporations' offshore tax haven abuse costs Mainers millions of dollars Corporations depend on things like an educated workforce, consumers with enough income to pay for services and products, and infrastructure that facilitates commerce. As a state and […] Sarah Austin Posted February 5, 2020 Tags Revenue, Tax Fairness, Taxes
Taxes and Budget Tax breaks may be better spent elsewhere The evidence suggests that instead of giving millions to profitable corporations, Maine could better spend that money on public investments that truly benefit communities and the economy […] Central Maine Newspapers Posted January 22, 2020 Tags Revenue, Tax Breaks, Tax Fairness, Taxes
Taxes and Budget MECEP talks tax fairness on the George Hale Ric Tyler Show “We’re moving in the right direction. With the end of the last legislative session, Maine really achieved an important milestone in tax fairness. And that milestone was […] WVOM Posted September 11, 2019 Tags EITC, Tax Fairness, Taxes
Taxes and Budget Tax reforms credited with ensuring Maine’s poorest no longer pay highest tax rate “According to MECEP policy analyst Sarah Austin, who authored the report, the change can be attributed to the Maine Legislature’s passage of an expanded Maine Earned Income […] Beacon Posted September 6, 2019 Tags EITC, Tax Fairness, Taxes
Taxes and Budget Beacon Podcast: 'Signs of progress' as Maine reaches milestone for tax fairness “The Maine Center for Economic Policy just released information that for the very first time in…decades… the bottom 20% of folks in Maine are going to have […] Beacon Posted September 6, 2019 Tags EITC, Tax Fairness, Taxes
Taxes and Budget Liberal think tank says Maine has reached ‘tax fairness’ milestone “For decades, the wealthiest Mainers have paid less of every dollar they earn to taxes than those who earn the very least. Now, finally, that injustice in […] Portland Press Herald Posted September 5, 2019 Tags EITC, Tax Fairness, Taxes