Taxes and Budget

Effort to undo LePage’s estate tax cut for millionaires returns to Augusta

Between 1973 and 2015, according to the Maine Center for Economic Policy, the top 1% of Maine families captured 42% of all income growth, leaving just 57% for the […]

Beacon

Posted May 18, 2023

Tags Estate Tax, Tax Breaks, Tax Fairness, Taxes

Taxes and Budget

Story of the Session: the fight for tax fairness

Mixed success The 130th Maine Legislature’s record on tax fairness is mixed. During one of the most chaotic and turbulent sessions in recent memory, the legislature was […]

Ryan Tipping

Posted August 16, 2021

Tags Budget, EITC, Estate Tax, Revenue, Tax Breaks, Tax Fairness, Taxes

Taxes and Budget

MECEP statement on Maine Legislature's rejection of estate tax bill

AUGUSTA, MAINE — MECEP executive director Garrett Martin released the following statement regarding the Maine Legislature’s failure to pass LD 1524, “An Act To Amend the Maine […]

Posted June 16, 2021

Tags Estate Tax, Tax Breaks, Tax Fairness, Taxes

Taxes and Budget

Repealing tax cuts for the wealthiest estates would reduce inequality, fund investments in communities

Our communities and are state are stronger when all Mainers and Maine families have equal opportunities to thrive. But growing inequality is a barrier to opportunity for […]

Sarah Austin

Posted May 13, 2021

Tags Estate Tax, Revenue, Tax Breaks, Tax Fairness, Taxes

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

Estate Tax

Filter by Category

Filter by Resource Type

Filter by Author

Filter by Tags

Filter by Feature Research

Effort to undo LePage’s estate tax cut for millionaires returns to Augusta

Story of the Session: the fight for tax fairness

MECEP statement on Maine Legislature's rejection of estate tax bill

Repealing tax cuts for the wealthiest estates would reduce inequality, fund investments in communities

Tax Policy Options: Maine needs progressive revenue solutions to build a stronger, fairer future

Rollback of LePage’s estate tax cut for multi-millionaires would raise $14 million

NEW REPORT: Wealth inequality is a growing problem. Fixing our watered-down estate tax will help solve it.

Policy Brief: To address wealth inequality, Maine must strengthen its estate tax

As session winds down, lawmakers can still fight inequality, start un-rigging the tax code by fixing the estate tax

Taxing the Rich Works