Title

"Politics and Other Mistakes" piece on Maine's tax system. If the sales tax sys

Authors

Al Diamon

Source

Casco Bay Weekly

Date

2-18-1999

Pages

5

Abstract

"Politics and Other Mistakes" piece on Maine's tax system. If the sales tax system covered currently exempt goods and services, and the rate was reduced from 5.5 to 3 percent, the state sales tax would generate about $145 million more each year. In the interest of fairness, part of the extra revenue generated could be used to provide refunds to those with incomes below the poverty line. Then, if the highest income tax bracket of 8.5 percent kicked in at $30,000, rather than the current $16,500, middle-income taxpayers would recover part or all of the extra sales tax burden through income-tax savings. And those with an annual income of $100,000 would pay about $3,000 in sales tax each year, rather than the $2,500 they're paying now.

Subjects

Taxation -- Sales tax

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