March 1, 2012
Study: ME tax burden on private-sector income high
According to a study released Tuesday by the Maine Heritage Policy Center, Maine's tax burden as a percent of private-sector personal income is sixth highest in the country.
The study found that Maine's tax burden compared with private-sector personal income is 18%, the highest in New England, according to a press release. Traditional methodology for calculating tax burden pegs Maine's burden at 11.7%. MHPC chose to calculate it based on private-sector income, excluding public-sector income, because the public sector "can only redistribute income through taxes and spending."
Maine's private-sector personal income is the 12th smallest in the country at 63.9%, according to the release.
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