From 2002 to 2004 state and local tax collections as a percent of personal income increased

From 2002 to 2004 state and local tax collections as a percent of personal income increased

August 8, 2006 Posted by Maine Heritage Policy Center - No Comments

Recently, The Maine Heritage Policy Center (MHPC) released a Maine Issue Brief ™ titled An Update of Maine’s State and Local Tax Collections, written by J. Scott Moody, vice president of policy and chief economist at MHPC. The report partially updates and expands a previous report by the Maine Heritage Policy Center, The Maine View, Vol. 4, Issue No. 1, showing Maine’s level of S&L taxation from FY 1958 to FY 2002.
The new data revels that Maine has yet to reverse the trend of high state and local taxation. Since FY 2002, Maine’s level of state and local tax collections grew 2.1 percent—from 12.8 percent to 13 percent of personal income.
“The level of taxation that Mainers bear continues to grow,