9. Maine > Taxes paid by residents as pct. of income: 10.3% > - TopicsExpress



          

9. Maine > Taxes paid by residents as pct. of income: 10.3% > Total state and local taxes collected: $5.84 billion(10th lowest) > Pct. of total taxes paid by residents: 63.6% (14th lowest) > Pct. of total taxes paid by non-residents: 36.4% (14th highest) Maine’s residents had a state and local tax burden of 10.3% in 2010, up from 10.1% in 2009. The tax burden may continue to get worse for some residents. The Maine Center for Economic Policy believes that lower-income residents will soon see higher property tax bills, since the legislature cut payments to municipalities at the same time as it cut income, pension and estate taxes. The Center argues this will primarily benefit the wealthy. In the fiscal year 2010, Maine collected $1,655 per capita in property taxes, which comes to 4.53% of the average resident’s income. This is the sixth-highest rate in the country. Read more: States with the Highest (and Lowest) Taxes - 24/7 Wall St. 247wallst/2012/10/23/states-where-residents-pay-the-most-in-taxes/#ixzz2XJh7eoSn
Posted on: Wed, 26 Jun 2013 10:25:33 +0000

Trending Topics



Recently Viewed Topics




© 2015