Promote Fairness in Income Tax Rates by Making Them More Progressive
Category: | Taxation |
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Status: | Defeated |
Sponsor: | Representative Thom Harnett, House 83 |
Session: | 130 |
Bill #: | LD 1136 |
Position:
Opposed.
Summary:
Representative Harnett of Gardiner would change the individual income tax brackets to provide 4 brackets rather than 3. The bill adds a new bracket of 10.15% on taxable income exceeding $100,000 for single individuals and married persons filing separately, $150,000 for heads of households and $200,000 for individuals filing married joint returns and surviving spouses.