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Maine’s Proposed Millionaire’s Tax Would Harm the State’s Economy

taxfoundation.org · published 10 April 2026

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First cited: 24 Apr 2026
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danieljmitchell.wordpress.com

State Tax Divergence, Part I Read at the source ↗

24 Apr 2026

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https://taxfoundation.org/location/maine/

taxfoundation.org

https://www.newscentermaine.com/article/news/local/maine-millionaire-tax-expansion-90m-business-opposition/97-fef57e76-6dd5-43d6-a000-8b215312d933

newscentermaine.com

The State Income Tax Divergence Read at the source ↗

taxfoundation.org

https://taxfoundation.org/taxedu/glossary/surtax/

taxfoundation.org

https://www.mecep.org/blog/whats-in-the-2026-supplemental-budget-package/

mecep.org

https://taxfoundation.org/taxedu/glossary/individual-income-tax/

taxfoundation.org

https://www.irs.gov/statistics/soi-tax-stats-historic-table-2

irs.gov

https://taxfoundation.org/taxedu/glossary/gross-income/

taxfoundation.org

https://taxfoundation.org/taxedu/glossary/pass-through-business/

taxfoundation.org

https://www.maine.gov/dafs/economist/sites/maine.gov.dafs.economist/files/documents/Report%20of%20the%20CEFC%20Meeting%20February%202026.pdf

maine.gov

https://taxfoundation.org/location/california/

taxfoundation.org

https://www.aeaweb.org/articles?id=10.1257/pol.20200500

aeaweb.org

https://taxfoundation.org/location/new-jersey/

taxfoundation.org

https://www.nj.gov/treasury/news/2011/OCE-Migration%20Study.pdf

nj.gov

https://taxfoundation.org/location/new-york/

taxfoundation.org

https://cbcny.org/sites/default/files/media/files/CBCREPORT_NY-Millionaire-Share_08282025.pdf

cbcny.org

https://www.mainelegislature.org/LawMakerWeb/summary.asp?ID=280097493

mainelegislature.org

https://www.maine.gov/governor/mills/news/governor-mills-unveils-supplemental-budget-proposal-advancing-affordability-agenda-maintaining

maine.gov

https://taxfoundation.org/taxedu/glossary/inflation/

taxfoundation.org

https://substack.com/home/post/p-167989873

substack.com