Mainely Matters

Highly qualified hosts cover a variety of topics regarding the state of Maine; Business, Veterans Affairs, Sports, Non-Profits, Politics, Travel & Tou…
Dec 21st, 2020 | 13:55

Does Maine's Income Tax Rate Hurt The State Of Maine?

Host John Brier discusses Maine's income tax rate, which at over 7% for earnings over $50,000 a year is considered to be by many to be the most oppressive state income tax structure in the country. Does this income tax rate hurt Maine's ability to grow, does it drive people to leave Maine, and are there options to consider to change it for the betterment of Maine?