NEWRY — Town meeting voters Tuesday turned down giving a 2 percent discount to people who pay their taxes within 30 days of billing. Selectmen had recommended against the discount, noting that it would require raising $55,000 in taxes to carry it out. The discount has been given in past years. About three dozen voters […]
taxes
Posted inLetters
Tax fraud
A tax cut proposal has been put forth, but is it what the nation needs? Former Commissioner of the IRS (1953-1955) T. Coleman Andrews wrote “The income tax is bad … conceived in class hatred, employs communist principles … fulfills Marxist prophecy … destroying capitalist society, and we should find another way to raise revenue […]
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Posted inLetters
Tax is on taxable income
I continue to read and hear that the additional 3 percent tax is on income over $200,000. That is incorrect. In reading the initiative question, as passed by the voters of Maine, that additional 3 percent is on “taxable income” over $200,000. There is a very big difference. Using myself as an example to demonstrate […]
Posted inNation / World
Analysis: Why Trump tax cut may not deliver the boost White House promises
Specialists on the floor of the New York Stock Exchange watch Gary Cohn, director of the White House National Economic Council on Wednesday, April 26, 2017. President Donald Trump proposed dramatic cuts in the taxes paid by corporations big and small Wednesday in an overhaul his administration says will spur economic growth and bring jobs […]
Posted inMaine
Gov. Paul LePage urges public to push back on taxes
Gov. Paul LePage used a Monday press conference to explain his analysis of how taxes affect Maine. AUGUSTA — Maine’s Republican governor says he’ll keep holding events around the state to encourage the public to push lawmakers to lower taxes until his term expires. Gov. Paul LePage said at a Monday press conference that his […]
Posted inConnections
L-A CA$H Coalition recognizes volunteers for recent season
LEWISTON — The Lewiston-Auburn CA$H Coalition held its 14th annual volunteer recognition event on April 13. Since the 2004 tax season, its IRS-certified volunteer tax preparers have facilitated over $32 million in federal and state returns for Lewiston-Auburn area residents, free of charge. This tax season alone resulted in over $2.9 million in returns claimed, […]
Posted inNation / World
5 things to know about Tax Day: refunds are up, audits down
WASHINGTON — Tuesday is Tax Day, that dreaded day when millions of procrastinators rush to fulfill their civic duty by filing state and federal tax returns. But for most, it’s not that bad. Sure, the forms are complicated and yes, there is math. But tax season also generates about $300 billion in refunds, a significant […]
Posted inMaine
Maine eyes measure to require presidential contenders to hand over tax forms
AUGUSTA — A new proposal would require those seeking to appear on a Maine ballot for president or vice president to make public their federal income tax returns for the past five years. Rep. Seth Berry, D-Bowdoinham, said Monday it had been a sort of unwritten law for decades that contenders for the nation’s top […]
Posted inLetters
Taxes, taxes, taxes …
The state of Maine is near the top of the list as one of the most taxed states in the United States, yet there is a rumor that somebody in the Legislature wanted to increase the tax on gasoline by 15 cents — as if the tax on gasoline isn’t high enough already. Recently, I […]
Posted inOp-Eds
The will of Maine voters should be respected
The people of Maine spoke loud and clear in November when they passed Question 2, the ballot initiative to fully fund Maine schools by increasing taxes on those people making more than $200,000 per year. For the majority of people, the question and answer were equally clear: yes, we need more funding from the state […]