Maine has the third highest tax burden of all 50 states.
That’s according to a new survey of 2023 tax burdens by WalletHub, a personal finance company.
Only New York and Hawaii will have higher total tax burdens than Maine.
The WalletHub survey includes income taxes, property taxes, and sales taxes.
Maine has the highest property tax rates as a percentage of total income out of all the states.
The sales tax burden is the 26th highest in the country. The income tax burden is the 14th highest.
[RELATED: Maine Jobs Council Finds Maine Near Bottom of Pretty Much All Economic Rankings…]
Neighboring New Hampshire has the 48th lowest total tax burden as a percentage of income.
Although the Granite State has the 3rd highest property tax, it also boasts the lowest sales and excise taxes in the country and an income tax burden of just 0.13 percent.
Maine’s total tax burden for 2023 comes in at 11.14 percent.
That means Mainers will pay 11 cents for every dollar they make to state and local tax collectors.
[RELATED: Jackson Closes the Door on Income Tax Relief in Radio Interview Filled With Falsehoods…]
The dismal news from WalletHub comes as Democrats in Augusta have rejected a Republican proposal to reduce state income taxes on the first $23,000 of earned income.
In a radio interview Tuesday, Senate President Troy Jackson (D-Aroostook) said Democratic lawmakers will not consider any income tax rate reductions.
“Our colleagues you know just refused at this point to vote on the budget, that is their budget also from last session, unless we agree to do income tax cuts, and we’re just not going to agree to that,” Jackson said.
