The Maine Heritage Policy Center » marginal tax rate

LD 1495: Frankenstein Tax Reform

LD 1495: Frankenstein Tax Reform

Read the full report | Since LD 1495, which replaced LD 1088, became the law of the land, everyone from the Governor on down has been crowing about the economic benefits of the lower, flat 6.5 percent marginal tax rate for most Mainers. Unfortunately, standard tax analysis demonstrates that other pr ...
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LD 1088: The Illusion of Tax Reform

LD 1088: The Illusion of Tax Reform

Read the full report | LD 1088 (An Act to Modernize the Tax Laws and Provide over $75,000,000 to Residents of the State in Tax Relief) purports to eliminate the existing four tax brackets in Maine’s personal income tax by collapsing them into a single bracket with a flat 6.5 percent tax rate. Unfo ...
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