AUGUSTA — Maine Gov. Paul LePage is introducing legislation to eliminate the tax that Mainers pay when they inherit large estates. Under current law, estates valued at nearly $5.5 million are exempt from the estate tax, which is triggered when the ownership of a property transfers as a result of death. The Legislature last year […]
estate tax
Posted inLetters
C. Arey: Repeal the estate tax
This is in response to Mark Moize’s letter (April 28). Apparently he thinks the wealth someone earns during a lifetime belongs to the government and after that person dies, it is alright for the government to take 40 percent of that wealth, even though taxes were paid on it at the time it was earned. […]
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Posted inOp-Eds
Robert Samuelson: Estate tax plays against GOP
WASHINGTON — Maybe congressional Republicans really are nuts, suicidal or both. The latest evidence is House approval of legislation abolishing the estate tax, sometimes called the “death tax.” The chances of this soon becoming law are slim, because even if it passes the Senate, congressional Republicans probably won’t be able to override President Obama’s promised […]
Posted inLetters
M. Moize: Like winning the lottery
Rich Lowry’s column on April 21 made a very skewed attack on the estate tax. I understand that no one likes to be taxed, but the estate tax makes sense. The estate tax kicks in when someone inherits millions of dollars, usually from a family member. Unlike income taxes, the person being taxed did nothing […]
Posted inMaine
And the survey says …
Mainers are more likely to open a bank account than just about anyone else in the country. There are more doctors here per capita than elsewhere. We have the best hospitals and the best schools. We say we’re healthier eaters than other Americans. We live in the safest state in the country and we have […]