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Maine's reputation as the highest taxed state in the country could be nearing its end, thanks to new and revised historic data from the Washington, D.C.-based Tax Foundation.
In the foundation's annual report released yesterday, the group ranked Maine 15th in the nation for its state and local tax burden on residents with an average tax burden of 10% of their income, according to the Portland Press Herald. Tax Foundation, which has consistently ranked Maine near or at the top of the list, yesterday also released revised past data that gives Maine a better ranking for the past two years as well. In last year's report, the foundation ranked Maine second for tax burden, but the revised data place it at 14th for that year. Maine's 2006 ranking changed from number one to number seven.
New data available this year allowed the foundation to separate Maine's overall tax collections from property taxes paid by out-of-staters who own second homes here, which resulted in the rankings drop, according to the Press Herald.
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Learn MoreWhether you’re a developer, financer, architect, or industry enthusiast, Groundbreaking Maine is crafted to be your go-to source for valuable insights in Maine’s real estate and construction community.
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.
Whether you’re a developer, financer, architect, or industry enthusiast, Groundbreaking Maine is crafted to be your go-to source for valuable insights in Maine’s real estate and construction community.
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