Taxes and Budget Tax Policy Options: Maine needs progressive revenue solutions to build a stronger, fairer future Download the PDF version Download The incoming Legislature has the opportunity to address longstanding problems in the state’s tax code that have made life harder for Maine […] Sarah Austin Posted January 27, 2021 Tags Budget, Estate Tax, Income Tax, Revenue, Sales Tax, Tax Fairness, Taxes
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
Taxes and Budget NEW REPORT: Wealth inequality is a growing problem. Fixing our watered-down estate tax will help solve it. LD 420 would bring Maine in line with other New England states’ efforts to tax wealth AUGUSTA, Maine — Wealth taxes are one of the most effective […] Posted February 27, 2020 Tags Estate Tax
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 As session winds down, lawmakers can still fight inequality, start un-rigging the tax code by fixing the estate tax Elected officials’ decisions to weaken our estate tax have perpetuated and exacerbated economic inequality in our state. It has delivered a massive tax break to the very […] Sarah Austin Posted June 14, 2019 Tags Estate Tax, Inequality, Tax Fairness
Taxes and Budget Taxing the Rich Works Advocates in some states have recently taken matters into their own hands and cooked up tax reform campaigns. In MAINE, the Prosperity Coalition campaign seeks to move Maine forward through […] ITEP Posted June 12, 2019 Tags Estate Tax, Inequality, Tax Fairness
Taxes and Budget Experts say repealing estate tax cut for millionaires key to fixing Maine’s wealth gap A legislative effort to undo massive estate tax cuts passed by former Gov. Paul LePage was praised by tax fairness advocates and policy experts at a public […] Beacon Posted March 7, 2019 Tags Estate Tax, Taxes
Taxes and Budget Fixing Maine's estate tax will reduce inequality, secure funds for our future, and make our tax code more fair Mainers experience dramatic economic inequality. Between 1973 and 2015, the top 1% of Maine families captured 42% of all income growth, leaving just 57% for the remaining […] Sarah Austin Posted March 4, 2019 Tags Estate Tax, Inequality
Taxes and Budget Testimony in Opposition to 1622 "An Act to Eliminate the Maine Estate Tax" “Eliminating the estate tax will generate a nearly $18 million give away to fewer than 60 of the wealthiest families owning property in Maine each year. These are […] James Myall Posted March 3, 2016 Tags Estate Tax
Taxes and Budget Eliminating Maine’s Estate Tax Will Harm Future Prosperity of All Mainers Governor LePage submitted a bill to eliminate Maine’s estate tax yesterday. The estate tax helps fund education, health care, and infrastructure that keeps our economy strong and […] Sarah Austin Posted March 2, 2016 Tags Estate Tax