Mrs Tax Incidence Report 2013
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Maine Resident Income Tax in 2013, Old Law and LD 1495 Old law
Expanded Income
Tax Families
Individual Tax Liability ($ MIL)
LD 1495
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 <= 14594 14594 <= 20835 20835 <= 27658 27658 <= 35970 35970 <= 47389 47389 <= 62853 62853 <= 83757 83757 <= 119293 119293 <= $ Infinity
138,657 69,314 69,355 69,290 69,329 69,318 69,324 69,322 69,323
$4.907 $7.143 $14.965 $34.099 $62.624 $105.787 $156.184 $265.870 $777.009
0.3% 0.5% 1.0% 2.4% 4.4% 7.4% 10.9% 18.6% 54.4%
-$7.690 $1.014 $9.345 $27.457 $55.978 $99.159 $150.287 $258.461 $735.668
-0.6% 0.1% 0.7% 2.1% 4.2% 7.5% 11.3% 19.4% 55.3%
-$12.597 -$6.129 -$5.621 -$6.642 -$6.646 -$6.628 -$5.897 -$7.409 -$41.342
-256.7% -85.8% -37.6% -19.5% -10.6% -6.3% -3.8% -2.8% -5.3%
138,519 69,028 68,904 68,043 65,546 62,966 59,527 56,875 53,190
-$12.598 -$6.134 -$5.650 -$6.842 -$7.437 -$8.600 -$9.364 -$13.561 -$64.690
-$91.0 -$88.9 -$82.0 -$100.6 -$113.5 -$136.6 -$157.3 -$238.4 -$1,216.2
138 286 451 1,247 3,783 6,352 9,797 12,447 16,055
$0.001 $0.005 $0.029 $0.201 $0.791 $1.972 $3.466 $6.153 $23.348
$8.0 $16.8 $65.3 $160.8 $209.2 $310.4 $353.8 $494.3 $1,454.3
0.1% 0.4% 0.6% 1.8% 5.5% 9.2% 14.1% 18.0% 23.2%
Totals
693,232
$1,428.589
100.0%
$1,329.678
100.0%
-$98.911
-6.9%
642,597
-$134.877
-$209.9
50,557
$35.966
$711.4
7.3%
Top Decile Decomposition: 90-95, 95-99, and 99+ : 119293 <=
159211
34,662
$205.753
14.4%
$202.223
15.2%
-$3.531
-1.7%
27,224
-$9.506
-$349.2
7,432
$5.975
$804.0
21.4%
159211 <=
350810
27,730
$284.307
19.9%
$279.049
21.0%
-$5.258
-1.8%
20,301
-$15.196
-$748.5
7,400
$9.938
$1,343.0
26.7%
6,931
$286.949
20.1%
$254.396
19.1%
-$32.553
-11.3%
5,664
-$39.988
-$7,059.5
1,223
$7.435
$6,078.9
17.6%
350810 <= $ Infinity
Maine Revenue Services Economic Research Division
Maine Resident Sales Tax in FY 2013, Old Law and LD 1495 Old law
Expanded Income
Tax Families
Individual Tax Liability ($ MIL)
LD 1495
Percentage Distribution
Individual Tax Liability ($ MIL)
Percentage Distribution
Change in Tax Liability ($ MIL)
Percent Tax Change
Families with Tax Increase
Tax Increase ($ MIL)
Average Tax Increase
-$ Infinity <= 14594 14594 <= 20835 20835 <= 27658 27658 <= 35970 35970 <= 47389 47389 <= 62853 62853 <= 83757 83757 <= 119293 119293 <= $ Infinity
138,657 69,314 69,355 69,290 69,329 69,318 69,324 69,322 69,323
$43.382 $29.911 $39.849 $59.399 $69.298 $83.474 $92.359 $118.031 $277.556
5.3% 3.7% 4.9% 7.3% 8.5% 10.3% 11.4% 14.5% 34.1%
$46.187 $31.936 $42.478 $63.551 $74.673 $89.975 $99.576 $127.313 $299.130
5.3% 3.7% 4.9% 7.3% 8.5% 10.3% 11.4% 14.6% 34.2%
$2.805 $2.025 $2.629 $4.152 $5.375 $6.500 $7.217 $9.281 $21.575
6.5% 6.8% 6.6% 7.0% 7.8% 7.8% 7.8% 7.9% 7.8%
112,486 55,884 58,834 64,997 67,638 68,518 68,974 69,294 69,323
$2.805 $2.025 $2.629 $4.152 $5.375 $6.500 $7.217 $9.281 $21.575
$24.9 $36.2 $44.7 $63.9 $79.5 $94.9 $104.6 $133.9 $311.2
Totals
693,232
$813.260
100.0%
$874.818
100.0%
$61.558
7.6%
635,948
$61.558
$96.8
$185.4
Top Decile Decomposition: 90-95, 95-99, and 99+ : 119293 <=
159211
34,662
$83.017
10.2%
$89.442
10.2%
$6.425
7.7%
34,662
$6.425
159211 <=
350810
27,730
$104.460
12.8%
$112.564
12.9%
$8.104
7.8%
27,730
$8.104
$292.3
6,931
$90.079
11.1%
$97.124
11.1%
$7.046
7.8%
6,931
$7.046
$1,016.5
350810 <= $ Infinity
Maine Revenue Services Economic Research Division 732.67
790.52
111.00%
110.66%
57.85 $3.711 106.42% 1.06
133,133 $38.485 -$ Infinity <= 13342 66,585 $26.677 13342 <= 19046 66,534 $35.011 19046 <= 25325 66,562 $53.643 25325 <= 32834 66,565 $63.462 32834 <= 44385 66,562 $75.548 44385 <= 58705 66,563 $87.678 58705 <= 79287 66,564 $105.242 79287 <= 114104 66,561 $246.927 114104 <= $ Infinity Totals 665,629 $732.673 Top Decile Decomposition: 90-95, 95-99, and 99+ : 33,280 $75.068 114104 <= 152267 26,625 $94.299 152267 <= 333388 6,656 $77.561 333388 <= $ Infinity
-$ Infinity <= 13342 13342 <= 19046 19046 <= 25325 25325 <= 32834 32834 <= 44385 44385 <= 58705 58705 <= 79287 79287 <= 114104 114104 <= $ Infinity Totals Top Decile Decomposition: 90-95, 95-99, and 99+ : 114104 <= 152267 152267 <= 333388 333388 <= $ Infinity
5.3% 3.6% 4.8% 7.3% 8.7% 10.3% 12.0% 14.4% 33.7% 100.0%
$41.077 $28.535 $37.401 $57.476 $68.437 $81.766 $94.792 $113.929 $267.108 $790.520
5.2% 3.6% 4.7% 7.3% 8.7% 10.3% 12.0% 14.4% 33.8% 100.0%
$2.592 $1.857 $2.391 $3.833 $4.975 $6.218 $7.114 $8.687 $20.181 $57.848
6.7% 7.0% 6.8% 7.1% 7.8% 8.2% 8.1% 8.3% 8.2% 7.9%
### ### ### ### ### ### ### ### ### ###
$2.592 $1.857 $2.391 $3.833 $4.975 $6.218 $7.114 $8.687 $20.181 $57.848
$24.3 $35.3 $42.3 $61.0 $76.4 $94.5 $107.3 $130.5 $303.2 $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%
### ### ###
$6.073 $7.669 $6.440
$182.5 $288.0 $967.6
112.44% 111.92% 113.57% 110.57% 109.11% 110.04% 105.05% 111.75% 111.99% 110.66% 110.23% 110.39% 115.62%
Combined Incidence (Sales and income Tax) in 2013, Old Law and LD 1495 Incidence analysis combines FY 2013 sales tax proposal and calendar year 2013 income tax proposal LD 1495
Old law
Expanded Income
Tax Families
Individual Tax Liability ($ MIL)
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 <= 14594 14594 <= 20835 20835 <= 27658 27658 <= 35970 35970 <= 47389 47389 <= 62853 62853 <= 83757 83757 <= 119293 119293 <= $ Infinity
138,657 69,314 69,355 69,290 69,329 69,318 69,324 69,322 69,323
$48.289 $37.054 $54.815 $93.498 $131.922 $189.261 $248.543 $383.902 $1,054.566
2.2% 1.7% 2.4% 4.2% 5.9% 8.4% 11.1% 17.1% 47.0%
$38.497 $32.950 $51.822 $91.008 $130.651 $189.134 $249.862 $385.774 $1,034.798
1.7% 1.5% 2.4% 4.1% 5.9% 8.6% 11.3% 17.5% 46.9%
-$9.793 -$4.104 -$2.992 -$2.490 -$1.270 -$0.127 $1.319 $1.872 -$19.768
-20.3% -11.1% -5.5% -2.7% -1.0% -0.1% 0.5% 0.5% -1.9%
137,917 65,989 58,099 45,958 47,934 44,434 42,661 45,010 41,656
-$9.812 -$4.167 -$3.256 -$3.125 -$3.008 -$3.409 -$3.850 -$6.674 -$49.764
-$71.1 -$63.1 -$56.0 -$68.0 -$62.8 -$76.7 -$90.2 -$148.3 -$1,194.6
740 3,325 11,256 23,332 21,395 24,884 26,663 24,312 27,667
$0.019 $0.063 $0.264 $0.635 $1.738 $3.282 $5.169 $8.547 $29.996
$25.6 $18.9 $23.5 $27.2 $81.2 $131.9 $193.9 $351.5 $1,084.2
0.5% 4.8% 16.2% 33.7% 30.9% 35.9% 38.5% 35.1% 39.9%
Totals
693,232
$2,241.849
100.0%
$2,204.496
100.0%
-$37.353
-1.7%
529,658
-$87.066
-$164.4
163,574
$49.713
$303.9
23.6%
Top Decile Decomposition: 90-95, 95-99, and 99+ : 119293 <=
159211
34,662
$288.771
12.9%
$291.665
13.2%
$2.894
1.0%
21,134
-$4.969
-$235.1
13,527
$7.863
$581.3
39.0%
159211 <=
350810
27,730
$388.767
17.3%
$391.613
17.8%
$2.846
0.7%
15,883
-$9.964
-$627.3
11,847
$12.810
$1,081.3
42.7%
6,931
$377.028
16.8%
$351.520
15.9%
-$25.508
-6.8%
4,638
-$34.831
-$7,509.2
2,293
$9.323
$4,065.8
33.1%
350810 <= $ Infinity
Maine Revenue Services Economic Research Division
MRS-TAX-INCIDENCE-REPORT-2013
SUMMARY OF MAINE REVENUE SERVICES ESTIMATE OF IMPACT OF LD 1495 "TAX REFORM" IN YEAR 2013 Old law
Expanded Income LESS THAN $ 35,970 $ 62,853 $ 83,757 $119,293 $159,211 -
$ 35,970 $ 62,853 $ 83,757 $119,293 $159,211 $350,810
Tax Families 346,616 138,647 69,324 69,322 34,662 27,730
Total Tax Average Tax Increase Increase (Decrease) (Decrease) ($13,379,000) ($39) ($1,397,000) ($10) $1,319,000 $19 $1,872,000 $27 $2,894,000 $83 $2,846,000 $103
Percent Tax Change
-5.73% -0.43% 0.53% 0.49% 1.00% 0.73%
Individual Tax Liability ($ MIL)
LD 1495
Percentage Distribution
$233.656 $321.183 $248.543 $383.902 $288.771 $388.767
10.4% 14.3% 11.1% 17.1% 12.9% 17.3%
Individual Tax Liability ($ MIL)
$214.277 $319.785 $249.862 $385.774 $291.665 $391.613
Families with Tax Decrease
Percentage Distribution
9.7% 14.5% 11.3% 17.5% 13.2% 17.8%
### ###
---------------- --------------------- -------------------- ------------------- ------------------------------------- ---------------------------------------0.31% $1,864.822 686,301 ($5,845,000) ($9) 83.18% $1,852.976 84.05%
SUBTOTAL MORE THAN $350,810
6,931
($25,508,000)
($3,680)
-6.80%
$377.028
16.8%
$351.520
-$14.360 -$6.417 -$3.850 -$6.674 -$4.969 -$9.964
Average Tax Decrease
15.9%
4,638
-$34.831
Families with Tax Increase
-$46.63 -$69.47 -$90.2 -$148.3 -$235.1 -$627.3
------------------ ------------------- ------------------525,020 -$46.234 -$88.06
--------------- -------------------- -------------------- ------------------ ------------------ ------------------ -------------------- ------------------1.40% $2,241.850 693,232 ($31,353,000) ($45) 100.0% $2,204.496 100.0%
Total
307,964 92,367 42,661 45,010 21,134 15,883
Tax Decrease ($ MIL)
38,652 46,279 26,663 24,312 13,527 11,847
$0.98 $5.02 $5.169 $8.547 $7.863 $12.810
Average Tax Increase
$25.38 $108.47 $193.9 $351.5 $581.3 $1,081.3
Families with Tax Increase (percent)
11.2% 33.4% 38.5% 35.1% 39.0% 42.7%
------------------- --------------------------------------------------------161,281 $40.390 $250.43 23.5%
-$7,509.2
------------------ ------------------ -----------------529,658 -$81.065 -$153.05
Tax Increase ($ MIL)
2,293
$9.323
$4,065.8
33.1%
------------------ ------------------ ------------------ -----------------$303.92 23.6% 163,574 $49.713
NOTE: THE NUMBERS ABOVE INCLUDE THE MAINE REVENUE SERVICES ESTIMATE THAT ABOUT $6 MILLION IN TAX REFUNDS ALLOWED FOR ABOUT 120,000 LOW INCOME TAXPAYERS WILL NOT BE COLLECTED DUE TO FAILURE TO FILE INCOME TAX RETURN.
Combined Incidence (Sales and income Tax) in 2013, Old Law and LD 1495 Incidence analysis combines FY 2013 sales tax proposal and calendar year 2013 income tax proposal LD 1495
Old law
Expanded Income
Individual Tax Liability ($ MIL)
Tax Families
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 <= 14594 14594 <= 20835 20835 <= 27658 27658 <= 35970 35970 <= 47389 47389 <= 62853 62853 <= 83757 83757 <= 119293 119293 <= $ Infinity
138,657 69,314 69,355 69,290 69,329 69,318 69,324 69,322 69,323
$48.289 $37.054 $54.815 $93.498 $131.922 $189.261 $248.543 $383.902 $1,054.566
2.2% 1.7% 2.4% 4.2% 5.9% 8.4% 11.1% 17.1% 47.0%
$38.497 $32.950 $51.822 $91.008 $130.651 $189.134 $249.862 $385.774 $1,034.798
1.7% 1.5% 2.4% 4.1% 5.9% 8.6% 11.3% 17.5% 46.9%
-$9.793 -$4.104 -$2.992 -$2.490 -$1.270 -$0.127 $1.319 $1.872 -$19.768
-20.3% -11.1% -5.5% -2.7% -1.0% -0.1% 0.5% 0.5% -1.9%
137,917 65,989 58,099 45,958 47,934 44,434 42,661 45,010 41,656
-$9.812 -$4.167 -$3.256 -$3.125 -$3.008 -$3.409 -$3.850 -$6.674 -$49.764
-$71.1 -$63.1 -$56.0 -$68.0 -$62.8 -$76.7 -$90.2 -$148.3 -$1,194.6
740 3,325 11,256 23,332 21,395 24,884 26,663 24,312 27,667
$0.019 $0.063 $0.264 $0.635 $1.738 $3.282 $5.169 $8.547 $29.996
$25.6 $18.9 $23.5 $27.2 $81.2 $131.9 $193.9 $351.5 $1,084.2
0.5% 4.8% 16.2% 33.7% 30.9% 35.9% 38.5% 35.1% 39.9%
Totals
693,232
$2,241.849
100.0%
$2,204.496
100.0%
-$37.353
-1.7%
529,658
-$87.066
-$164.4
163,574
$49.713
$303.9
23.6%
Top Decile Decomposition: 90-95, 95-99, and 99+ : 119293 <=
159211
34,662
$288.771
12.9%
$291.665
13.2%
$2.894
1.0%
21,134
-$4.969
-$235.1
13,527
$7.863
$581.3
39.0%
159211 <=
350810
27,730
$388.767
17.3%
$391.613
17.8%
$2.846
0.7%
15,883
-$9.964
-$627.3
11,847
$12.810
$1,081.3
42.7%
6,931
$377.028
16.8%
$351.520
15.9%
-$25.508
-6.8%
4,638
-$34.831
-$7,509.2
2,293
$9.323
$4,065.8
33.1%
350810 <= $ Infinity
Maine Revenue Services Economic Research Division
TOTAL TAX CUT FROM ABOVE ESTIMATE OF TAX REFUNDS THAT WILL NOT BE PAID OUT ADJUSTED ACTUAL ESTIMATED NET TAX CUT TO MAINERS
-$37.353 6.000 ---------------$31.353
Expanded Income
Tax Families
Individual Tax Liability ($ MIL)
LD 1495
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 <= 14594 14594 <= 20835 20835 <= 27658 27658 <= 35970 35970 <= 47389 47389 <= 62853 62853 <= 83757 83757 <= 119293 119293 <= $ Infinity
138,657 69,314 69,355 69,290 69,329 69,318 69,324 69,322 69,323
$4.907 $7.143 $14.965 $34.099 $62.624 $105.787 $156.184 $265.870 $777.009
0.3% 0.5% 1.0% 2.4% 4.4% 7.4% 10.9% 18.6% 54.4%
-$7.690 $1.014 $9.345 $27.457 $55.978 $99.159 $150.287 $258.461 $735.668
-0.6% 0.1% 0.7% 2.1% 4.2% 7.5% 11.3% 19.4% 55.3%
-$12.597 -$6.129 -$5.621 -$6.642 -$6.646 -$6.628 -$5.897 -$7.409 -$41.342
-256.7% -85.8% -37.6% -19.5% -10.6% -6.3% -3.8% -2.8% -5.3%
138,519 69,028 68,904 68,043 65,546 62,966 59,527 56,875 53,190
-$12.598 -$6.134 -$5.650 -$6.842 -$7.437 -$8.600 -$9.364 -$13.561 -$64.690
-$91.0 -$88.9 -$82.0 -$100.6 -$113.5 -$136.6 -$157.3 -$238.4 -$1,216.2
138 286 451 1,247 3,783 6,352 9,797 12,447 16,055
$0.001 $0.005 $0.029 $0.201 $0.791 $1.972 $3.466 $6.153 $23.348
$8.0 $16.8 $65.3 $160.8 $209.2 $310.4 $353.8 $494.3 $1,454.3
0.1% 0.4% 0.6% 1.8% 5.5% 9.2% 14.1% 18.0% 23.2%
Totals
693,232
$1,428.589
100.0%
$1,329.678
100.0%
-$98.911
-6.9%
642,597
-$134.877
-$209.9
50,557
$35.966
$711.4
7.3%
Top Decile Decomposition: 90-95, 95-99, and 99+ : 119293 <=
159211
34,662
$205.753
14.4%
$202.223
15.2%
-$3.531
-1.7%
27,224
-$9.506
-$349.2
7,432
$5.975
$804.0
21.4%
159211 <=
350810
27,730
$284.307
19.9%
$279.049
21.0%
-$5.258
-1.8%
20,301
-$15.196
-$748.5
7,400
$9.938
$1,343.0
26.7%
6,931
$286.949
20.1%
$254.396
19.1%
-$32.553
-11.3%
5,664
-$39.988
-$7,059.5
1,223
$7.435
$6,078.9
17.6%
350810 <= $ Infinity
Maine Revenue Services Economic Research Division
Maine Resident Sales Tax in FY 2013, Old Law and LD 1495 Old law
Expanded Income
Tax Families
Individual Tax Liability ($ MIL)
LD 1495
Percentage Distribution
Individual Tax Liability ($ MIL)
Percentage Distribution
Change in Tax Liability ($ MIL)
Percent Tax Change
Families with Tax Increase
Tax Increase ($ MIL)
Average Tax Increase
-$ Infinity <= 14594 14594 <= 20835 20835 <= 27658 27658 <= 35970 35970 <= 47389 47389 <= 62853 62853 <= 83757 83757 <= 119293 119293 <= $ Infinity
138,657 69,314 69,355 69,290 69,329 69,318 69,324 69,322 69,323
$43.382 $29.911 $39.849 $59.399 $69.298 $83.474 $92.359 $118.031 $277.556
5.3% 3.7% 4.9% 7.3% 8.5% 10.3% 11.4% 14.5% 34.1%
$46.187 $31.936 $42.478 $63.551 $74.673 $89.975 $99.576 $127.313 $299.130
5.3% 3.7% 4.9% 7.3% 8.5% 10.3% 11.4% 14.6% 34.2%
$2.805 $2.025 $2.629 $4.152 $5.375 $6.500 $7.217 $9.281 $21.575
6.5% 6.8% 6.6% 7.0% 7.8% 7.8% 7.8% 7.9% 7.8%
112,486 55,884 58,834 64,997 67,638 68,518 68,974 69,294 69,323
$2.805 $2.025 $2.629 $4.152 $5.375 $6.500 $7.217 $9.281 $21.575
$24.9 $36.2 $44.7 $63.9 $79.5 $94.9 $104.6 $133.9 $311.2
Totals
693,232
$813.260
100.0%
$874.818
100.0%
$61.558
7.6%
635,948
$61.558
$96.8
$185.4
Top Decile Decomposition: 90-95, 95-99, and 99+ : 119293 <=
159211
34,662
$83.017
10.2%
$89.442
10.2%
$6.425
7.7%
34,662
$6.425
159211 <=
350810
27,730
$104.460
12.8%
$112.564
12.9%
$8.104
7.8%
27,730
$8.104
$292.3
6,931
$90.079
11.1%
$97.124
11.1%
$7.046
7.8%
6,931
$7.046
$1,016.5
350810 <= $ Infinity
Maine Revenue Services Economic Research Division 732.67
790.52
111.00%
110.66%
57.85 $3.711 106.42% 1.06
133,133 $38.485 -$ Infinity <= 13342 66,585 $26.677 13342 <= 19046 66,534 $35.011 19046 <= 25325 66,562 $53.643 25325 <= 32834 66,565 $63.462 32834 <= 44385 66,562 $75.548 44385 <= 58705 66,563 $87.678 58705 <= 79287 66,564 $105.242 79287 <= 114104 66,561 $246.927 114104 <= $ Infinity Totals 665,629 $732.673 Top Decile Decomposition: 90-95, 95-99, and 99+ : 33,280 $75.068 114104 <= 152267 26,625 $94.299 152267 <= 333388 6,656 $77.561 333388 <= $ Infinity
-$ Infinity <= 13342 13342 <= 19046 19046 <= 25325 25325 <= 32834 32834 <= 44385 44385 <= 58705 58705 <= 79287 79287 <= 114104 114104 <= $ Infinity Totals Top Decile Decomposition: 90-95, 95-99, and 99+ : 114104 <= 152267 152267 <= 333388 333388 <= $ Infinity
5.3% 3.6% 4.8% 7.3% 8.7% 10.3% 12.0% 14.4% 33.7% 100.0%
$41.077 $28.535 $37.401 $57.476 $68.437 $81.766 $94.792 $113.929 $267.108 $790.520
5.2% 3.6% 4.7% 7.3% 8.7% 10.3% 12.0% 14.4% 33.8% 100.0%
$2.592 $1.857 $2.391 $3.833 $4.975 $6.218 $7.114 $8.687 $20.181 $57.848
6.7% 7.0% 6.8% 7.1% 7.8% 8.2% 8.1% 8.3% 8.2% 7.9%
### ### ### ### ### ### ### ### ### ###
$2.592 $1.857 $2.391 $3.833 $4.975 $6.218 $7.114 $8.687 $20.181 $57.848
$24.3 $35.3 $42.3 $61.0 $76.4 $94.5 $107.3 $130.5 $303.2 $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%
### ### ###
$6.073 $7.669 $6.440
$182.5 $288.0 $967.6
112.44% 111.92% 113.57% 110.57% 109.11% 110.04% 105.05% 111.75% 111.99% 110.66% 110.23% 110.39% 115.62%
Combined Incidence (Sales and income Tax) in 2013, Old Law and LD 1495 Incidence analysis combines FY 2013 sales tax proposal and calendar year 2013 income tax proposal LD 1495
Old law
Expanded Income
Tax Families
Individual Tax Liability ($ MIL)
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 <= 14594 14594 <= 20835 20835 <= 27658 27658 <= 35970 35970 <= 47389 47389 <= 62853 62853 <= 83757 83757 <= 119293 119293 <= $ Infinity
138,657 69,314 69,355 69,290 69,329 69,318 69,324 69,322 69,323
$48.289 $37.054 $54.815 $93.498 $131.922 $189.261 $248.543 $383.902 $1,054.566
2.2% 1.7% 2.4% 4.2% 5.9% 8.4% 11.1% 17.1% 47.0%
$38.497 $32.950 $51.822 $91.008 $130.651 $189.134 $249.862 $385.774 $1,034.798
1.7% 1.5% 2.4% 4.1% 5.9% 8.6% 11.3% 17.5% 46.9%
-$9.793 -$4.104 -$2.992 -$2.490 -$1.270 -$0.127 $1.319 $1.872 -$19.768
-20.3% -11.1% -5.5% -2.7% -1.0% -0.1% 0.5% 0.5% -1.9%
137,917 65,989 58,099 45,958 47,934 44,434 42,661 45,010 41,656
-$9.812 -$4.167 -$3.256 -$3.125 -$3.008 -$3.409 -$3.850 -$6.674 -$49.764
-$71.1 -$63.1 -$56.0 -$68.0 -$62.8 -$76.7 -$90.2 -$148.3 -$1,194.6
740 3,325 11,256 23,332 21,395 24,884 26,663 24,312 27,667
$0.019 $0.063 $0.264 $0.635 $1.738 $3.282 $5.169 $8.547 $29.996
$25.6 $18.9 $23.5 $27.2 $81.2 $131.9 $193.9 $351.5 $1,084.2
0.5% 4.8% 16.2% 33.7% 30.9% 35.9% 38.5% 35.1% 39.9%
Totals
693,232
$2,241.849
100.0%
$2,204.496
100.0%
-$37.353
-1.7%
529,658
-$87.066
-$164.4
163,574
$49.713
$303.9
23.6%
Top Decile Decomposition: 90-95, 95-99, and 99+ : 119293 <=
159211
34,662
$288.771
12.9%
$291.665
13.2%
$2.894
1.0%
21,134
-$4.969
-$235.1
13,527
$7.863
$581.3
39.0%
159211 <=
350810
27,730
$388.767
17.3%
$391.613
17.8%
$2.846
0.7%
15,883
-$9.964
-$627.3
11,847
$12.810
$1,081.3
42.7%
6,931
$377.028
16.8%
$351.520
15.9%
-$25.508
-6.8%
4,638
-$34.831
-$7,509.2
2,293
$9.323
$4,065.8
33.1%
350810 <= $ Infinity
Maine Revenue Services Economic Research Division
MRS-TAX-INCIDENCE-REPORT-2013
SUMMARY OF MAINE REVENUE SERVICES ESTIMATE OF IMPACT OF LD 1495 "TAX REFORM" IN YEAR 2013 Old law
Expanded Income LESS THAN $ 35,970 $ 62,853 $ 83,757 $119,293 $159,211 -
$ 35,970 $ 62,853 $ 83,757 $119,293 $159,211 $350,810
Tax Families 346,616 138,647 69,324 69,322 34,662 27,730
Total Tax Average Tax Increase Increase (Decrease) (Decrease) ($13,379,000) ($39) ($1,397,000) ($10) $1,319,000 $19 $1,872,000 $27 $2,894,000 $83 $2,846,000 $103
Percent Tax Change
-5.73% -0.43% 0.53% 0.49% 1.00% 0.73%
Individual Tax Liability ($ MIL)
LD 1495
Percentage Distribution
$233.656 $321.183 $248.543 $383.902 $288.771 $388.767
10.4% 14.3% 11.1% 17.1% 12.9% 17.3%
Individual Tax Liability ($ MIL)
$214.277 $319.785 $249.862 $385.774 $291.665 $391.613
Families with Tax Decrease
Percentage Distribution
9.7% 14.5% 11.3% 17.5% 13.2% 17.8%
### ###
---------------- --------------------- -------------------- ------------------- ------------------------------------- ---------------------------------------0.31% $1,864.822 686,301 ($5,845,000) ($9) 83.18% $1,852.976 84.05%
SUBTOTAL MORE THAN $350,810
6,931
($25,508,000)
($3,680)
-6.80%
$377.028
16.8%
$351.520
-$14.360 -$6.417 -$3.850 -$6.674 -$4.969 -$9.964
Average Tax Decrease
15.9%
4,638
-$34.831
Families with Tax Increase
-$46.63 -$69.47 -$90.2 -$148.3 -$235.1 -$627.3
------------------ ------------------- ------------------525,020 -$46.234 -$88.06
--------------- -------------------- -------------------- ------------------ ------------------ ------------------ -------------------- ------------------1.40% $2,241.850 693,232 ($31,353,000) ($45) 100.0% $2,204.496 100.0%
Total
307,964 92,367 42,661 45,010 21,134 15,883
Tax Decrease ($ MIL)
38,652 46,279 26,663 24,312 13,527 11,847
$0.98 $5.02 $5.169 $8.547 $7.863 $12.810
Average Tax Increase
$25.38 $108.47 $193.9 $351.5 $581.3 $1,081.3
Families with Tax Increase (percent)
11.2% 33.4% 38.5% 35.1% 39.0% 42.7%
------------------- --------------------------------------------------------161,281 $40.390 $250.43 23.5%
-$7,509.2
------------------ ------------------ -----------------529,658 -$81.065 -$153.05
Tax Increase ($ MIL)
2,293
$9.323
$4,065.8
33.1%
------------------ ------------------ ------------------ -----------------$303.92 23.6% 163,574 $49.713
NOTE: THE NUMBERS ABOVE INCLUDE THE MAINE REVENUE SERVICES ESTIMATE THAT ABOUT $6 MILLION IN TAX REFUNDS ALLOWED FOR ABOUT 120,000 LOW INCOME TAXPAYERS WILL NOT BE COLLECTED DUE TO FAILURE TO FILE INCOME TAX RETURN.
Combined Incidence (Sales and income Tax) in 2013, Old Law and LD 1495 Incidence analysis combines FY 2013 sales tax proposal and calendar year 2013 income tax proposal LD 1495
Old law
Expanded Income
Individual Tax Liability ($ MIL)
Tax Families
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 <= 14594 14594 <= 20835 20835 <= 27658 27658 <= 35970 35970 <= 47389 47389 <= 62853 62853 <= 83757 83757 <= 119293 119293 <= $ Infinity
138,657 69,314 69,355 69,290 69,329 69,318 69,324 69,322 69,323
$48.289 $37.054 $54.815 $93.498 $131.922 $189.261 $248.543 $383.902 $1,054.566
2.2% 1.7% 2.4% 4.2% 5.9% 8.4% 11.1% 17.1% 47.0%
$38.497 $32.950 $51.822 $91.008 $130.651 $189.134 $249.862 $385.774 $1,034.798
1.7% 1.5% 2.4% 4.1% 5.9% 8.6% 11.3% 17.5% 46.9%
-$9.793 -$4.104 -$2.992 -$2.490 -$1.270 -$0.127 $1.319 $1.872 -$19.768
-20.3% -11.1% -5.5% -2.7% -1.0% -0.1% 0.5% 0.5% -1.9%
137,917 65,989 58,099 45,958 47,934 44,434 42,661 45,010 41,656
-$9.812 -$4.167 -$3.256 -$3.125 -$3.008 -$3.409 -$3.850 -$6.674 -$49.764
-$71.1 -$63.1 -$56.0 -$68.0 -$62.8 -$76.7 -$90.2 -$148.3 -$1,194.6
740 3,325 11,256 23,332 21,395 24,884 26,663 24,312 27,667
$0.019 $0.063 $0.264 $0.635 $1.738 $3.282 $5.169 $8.547 $29.996
$25.6 $18.9 $23.5 $27.2 $81.2 $131.9 $193.9 $351.5 $1,084.2
0.5% 4.8% 16.2% 33.7% 30.9% 35.9% 38.5% 35.1% 39.9%
Totals
693,232
$2,241.849
100.0%
$2,204.496
100.0%
-$37.353
-1.7%
529,658
-$87.066
-$164.4
163,574
$49.713
$303.9
23.6%
Top Decile Decomposition: 90-95, 95-99, and 99+ : 119293 <=
159211
34,662
$288.771
12.9%
$291.665
13.2%
$2.894
1.0%
21,134
-$4.969
-$235.1
13,527
$7.863
$581.3
39.0%
159211 <=
350810
27,730
$388.767
17.3%
$391.613
17.8%
$2.846
0.7%
15,883
-$9.964
-$627.3
11,847
$12.810
$1,081.3
42.7%
6,931
$377.028
16.8%
$351.520
15.9%
-$25.508
-6.8%
4,638
-$34.831
-$7,509.2
2,293
$9.323
$4,065.8
33.1%
350810 <= $ Infinity
Maine Revenue Services Economic Research Division
TOTAL TAX CUT FROM ABOVE ESTIMATE OF TAX REFUNDS THAT WILL NOT BE PAID OUT ADJUSTED ACTUAL ESTIMATED NET TAX CUT TO MAINERS
-$37.353 6.000 ---------------$31.353
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