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Five legislative proposals to eliminate the 3% tax surcharge approved by voters last November will be discussed at a public hearing this coming Monday in Augusta.
The surcharge, which took effect Jan. 1, aims to raise money for education by taxing households earning $200,000 and more.
The 3% levy comes on top of the 7.15% regular income tax rate for all Mainers, putting the top marginal rate at 10.15%. That is now the top marginal rate in the United States after California.
At Monday’s hearing organized by the Legislature’s Joint Standing Committee on Taxation, the Maine State Chamber of Commerce will testify in favor of scrapping the surcharge, while Stand Up for Students will argue against overturning the will of the voters.
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Learn moreThe Giving Guide helps nonprofits have the opportunity to showcase and differentiate their organizations so that businesses better understand how they can contribute to a nonprofit’s mission and work.
Work for ME is a workforce development tool to help Maine’s employers target Maine’s emerging workforce. Work for ME highlights each industry, its impact on Maine’s economy, the jobs available to entry-level workers, the training and education needed to get a career started.
Few people are adequately prepared for all the tasks involved in planning and providing care for aging family members. SeniorSmart provides an essential road map for navigating the process. This resource guide explores the myriad of care options and offers essential information on topics ranging from self-care to legal and financial preparedness.
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