Ld1495 Incidence Report

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Maine Resident Income Tax in 2010, LD 1495 Current law

Expanded Income

Tax Families

Individual Tax Liability ($ MIL)

Proposed law

Percentage Distribution

Individual Tax Liability ($ MIL)

Percentage Distribution

Change in Tax Liability ($ MIL)

Percent Tax Change

Families with Tax Decrease

Tax Decrease ($ MIL)

Average Tax Decrease

Families with Tax Increase

Tax Increase ($ MIL)

Average Tax Increase

Families with Tax Increase (percent)

-$ Infinity <= 13342 13342 <= 19046 19046 <= 25325 25325 <= 32834 32834 <= 44385 44385 <= 58705 58705 <= 79287 79287 <= 114104 114104 <= $ Infinity

133,133 66,585 66,534 66,562 66,565 66,562 66,563 66,564 66,561

$3.412 $4.855 $10.606 $29.340 $49.568 $91.909 $138.401 $244.094 $716.640

0.3% 0.4% 0.8% 2.3% 3.8% 7.1% 10.7% 18.9% 55.6%

-$7.511 -$1.506 $4.616 $21.297 $40.866 $82.253 $127.499 $230.860 $678.707

-0.6% -0.1% 0.4% 1.8% 3.5% 7.0% 10.8% 19.6% 57.7%

-$10.923 -$6.362 -$5.990 -$8.043 -$8.702 -$9.656 -$10.902 -$13.234 -$37.933

-320.2% -131.0% -56.5% -27.4% -17.6% -10.5% -7.9% -5.4% -5.3%

132,930 66,338 66,200 65,846 64,574 63,035 61,923 59,879 53,590

-$10.925 -$6.366 -$6.003 -$8.150 -$9.210 -$10.953 -$13.035 -$17.237 -$58.688

-$82.2 -$96.0 -$90.7 -$123.8 -$142.6 -$173.8 -$210.5 -$287.9 -$1,095.1

203 247 322 696 1,987 3,521 4,632 6,685 12,885

$0.002 $0.004 $0.013 $0.107 $0.508 $1.297 $2.133 $4.002 $20.755

$10.0 $17.5 $40.8 $153.8 $255.8 $368.3 $460.5 $598.7 $1,610.8

0.2% 0.4% 0.5% 1.0% 3.0% 5.3% 7.0% 10.0% 19.4%

Totals

665,629

$1,288.825

100.0%

$1,177.081

100.0%

-$111.745

-8.7%

634,315

-$140.567

-$221.6

31,178

$28.822

$924.4

4.7%

Top Decile Decomposition: 90-95, 95-99, and 99+ : 114104 <=

152267

33,280

$190.258

14.8%

$183.759

15.6%

-$6.499

-3.4%

27,951

-$11.034

-$394.8

5,324

$4.535

$851.8

16.0%

152267 <=

333388

26,625

$265.445

20.6%

$259.015

22.0%

-$6.430

-2.4%

20,278

-$15.021

-$740.8

6,322

$8.591

$1,359.0

23.7%

6,656

$260.937

20.2%

$235.933

20.0%

-$25.004

-9.6%

5,362

-$32.634

-$6,085.9

1,240

$7.629

$6,152.3

18.6%

333388 <= $ Infinity

Maine Revenue Services Economic Research Division

Maine Resident Sales Tax, Fiscal Year 2010, LD 1495 Current law

Expanded Income

Tax Families

Sales Tax Liability ($ MIL)

Proposed law

Percentage Distribution

Sales Tax Liability ($ MIL)

Percentage Distribution

Change in Tax Liability ($ MIL)

Percent Tax Change

Families with Tax Increase

Tax Increase ($ MIL)

Average Tax Increase

-$ Infinity <= 13342 13342 <= 19046 19046 <= 25325 25325 <= 32834 32834 <= 44385 44385 <= 58705 58705 <= 79287 79287 <= 114104 114104 <= $ Infinity

133,133 66,585 66,534 66,562 66,565 66,562 66,563 66,564 66,561

$38.485 $26.677 $35.011 $53.643 $63.462 $75.548 $87.678 $105.242 $246.927

5.3% 3.6% 4.8% 7.3% 8.7% 10.3% 12.0% 14.4% 33.7%

$41.077 $28.535 $37.401 $57.476 $68.437 $81.766 $94.792 $113.929 $267.108

5.2% 3.6% 4.7% 7.3% 8.7% 10.3% 12.0% 14.4% 33.8%

$2.592 $1.857 $2.391 $3.833 $4.975 $6.218 $7.114 $8.687 $20.181

6.7% 7.0% 6.8% 7.1% 7.8% 8.2% 8.1% 8.3% 8.2%

106,618 52,683 56,455 62,851 65,125 65,796 66,285 66,564 66,561

$2.592 $1.857 $2.391 $3.833 $4.975 $6.218 $7.114 $8.687 $20.181

$24.3 $35.3 $42.3 $61.0 $76.4 $94.5 $107.3 $130.5 $303.2

Totals

665,629

$732.673

100.0%

$790.520

100.0%

$57.848

7.9%

608,937

$57.848

$95.0

10.2% 12.9% 10.6%

$81.140 $101.968 $84.001

10.3% 12.9% 10.6%

$6.073 $7.669 $6.440

8.1% 8.1% 8.3%

33,280 26,625 6,656

$6.073 $7.669 $6.440

$182.5 $288.0 $967.6

Top Decile Decomposition: 90-95, 95-99, and 99+ : 114104 <= 152267 152267 <= 333388 333388 <= $ Infinity

33,280 26,625 6,656

$75.068 $94.299 $77.561

Combined Incidence (Income and Sales and Use Tax) 2010, LD 1495 Current law Tax Families

Expanded Income

Tax Liability ($ MIL)

Incidence analysis combines FY 2010 sales tax proposal and calendar year 2010 income tax proposal Proposed law

Percentage Distribution

Tax Liability ($ MIL)

Percentage Distribution

Change inTax Liability ($ MIL)

Percent Tax Change

Families with Tax Decrease

Tax Decrease ($ MIL)

Average Tax Decrease

Families with Tax Increase

Tax Increase ($ MIL)

Average Tax Increase

Families with Tax Increase (percent)

-$ Infinity <= 13342 13342 <= 19046 19046 <= 25325 25325 <= 32834 32834 <= 44385 44385 <= 58705 58705 <= 79287 79287 <= 114104 114104 <= $ Infinity

133,133 66,585 66,534 66,562 66,565 66,562 66,563 66,564 66,561

$41.897 $31.533 $45.617 $82.982 $113.030 $167.457 $226.079 $349.337 $963.567

2.1% 1.6% 2.3% 4.1% 5.6% 8.3% 11.2% 17.3% 47.7%

$33.566 $27.029 $42.017 $78.773 $109.303 $164.018 $222.291 $344.789 $945.816

1.7% 1.4% 2.1% 4.0% 5.6% 8.3% 11.3% 17.5% 48.1%

-$8.331 -$4.504 -$3.599 -$4.209 -$3.727 -$3.439 -$3.788 -$4.548 -$17.752

-19.9% -14.3% -7.9% -5.1% -3.3% -2.1% -1.7% -1.3% -1.8%

132,192 65,716 63,602 61,390 55,313 53,301 52,501 51,083 44,781

-$8.358 -$4.529 -$3.660 -$4.432 -$4.627 -$5.373 -$6.810 -$9.937 -$43.828

-$63.2 -$68.9 -$57.6 -$72.2 -$83.6 -$100.8 -$129.7 -$194.5 -$978.7

941 870 2,932 5,171 11,252 13,260 14,062 15,481 21,780

$0.027 $0.025 $0.061 $0.223 $0.900 $1.934 $3.022 $5.389 $26.076

$28.2 $28.2 $20.8 $43.0 $80.0 $145.9 $214.9 $348.1 $1,197.2

0.7% 1.3% 4.4% 7.8% 16.9% 19.9% 21.1% 23.3% 32.7%

Totals

665,629

$2,021.498

100.0%

$1,967.601

100.0%

-$53.897

-2.7%

579,879

-$91.553

-$157.9

85,750

$37.656

$439.1

12.9%

(2)

Top Decile Decomposition: 90-95, 95-99, and 99+ : 114104 <=

152267

33,280

$265.326

13.1%

$264.899

13.5%

-$0.426

-0.2%

23,504

-$6.282

-$267.3

9,776

$5.855

$598.9

29.4%

152267 <=

333388

26,625

$359.744

17.8%

$360.983

18.3%

$1.239

0.3%

16,821

-$9.745

-$579.4

9,804

$10.985

$1,120.4

36.8%

6,656

$338.498

16.7%

$319.933

16.3%

-$18.565

-5.5%

4,456

-$27.800

-$6,238.3

2,199

$9.236

$4,199.6

33.0%

333388 <= $ Infinity

(1)

Maine Revenue Services Economic Research Division

TAXPAYERS ABOVE (1) TOTAL TAXPAYERS (2) PERCENTAGE OF TAOTAL

4,456 665,629 0.67%

-$27.800 -$53.897 51.58%

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