Extra 4% Tax on Income Over $1 Million on Track for Adoption After Committee Dems Recommend Hike

Extra 4% Tax on Income Over $1 Million on Track for Adoption After Committee Dems Recommend Hike

A Harpswell Democrat’s bill to levy an additional four percent tax on income earned over $1 million in order to fund public education is now on track for adoption by the Maine State Legislature. Sponsored by Rep. Cheryl A. Golek (D-Harpswell), LD 1089 would impose this new “surcharge” on income beginning with that generated this [...] The post Extra 4% Tax on Income Over $1 Million on Track for Adoption After Committee Dems Recommend Hike appear…