Provide for Fairness in the Taxation of Extraordinary and Unearned Income by Establishing a 3 Percent Surcharge
| Category: | Taxation |
|---|---|
| Status: | Defeated |
| Sponsor: | Representative Seth Berry, House 67 |
| Session: | 130 |
| Bill #: | LD 570 |
Position:
Opposed.
Summary:
Representative Berry of Bowdoinham would impose an income tax surcharge on the portion of a taxpayer's taxable income that exceeds the lesser of the taxpayer's taxable income from net capital gains and dividends and the amount by which the taxpayer's taxable income exceeds $250,000 for persons filing returns as single individuals or married individuals filing separately, $375,000 for persons filing returns as heads of households or $500,000 for persons filing married joint returns.