MECEP finds that Governor LePage’s budget proposal includes an upside down tax plan that will lead to the following outcomes:
Taxes will go up on average for Maine families with income below $92,000. This represents the bottom 80% of Mainers who will see an average tax increase of approximately $85.
The top 1% of Mainers whose income exceeds $384,000 will receive an average tax cut of $22,665.
MECEP finds that Governor LePage’s budget proposal includes an upside down tax plan that will lead to the following outcomes:
- Taxes will go up on average for Maine families with income below $92,000. This represents the bottom 80% of Mainers who will see an average tax increase of approximately $85.
- The top 1% of Mainers whose income exceeds $384,000 will receive an average tax cut of $22,665.
