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Showing posts with the label Top Corporate Income Tax

Comparing Maine & New Hampshire

TWEET THIS USING THIS SHORT LINK http://goo.gl/u2fKk0 New Hampshire features a state by state comparison on its website. This is the comparison to Maine . Interesting to note that despite New Hampshire NOT taxing personal income, NOT having a sales tax, and NOT having an estate tax, it's top corporate income tax is still lower than Maine's . Top Corporate Income Tax New Hampshire 8.5% Maine 8.93% An explanation for this may be Maine's two-tier income tax whereby Maine offers corporations providing jobs of an income level above the median household income, tax exemptions and cash payouts - but taxes businesses offering jobs that pay the medium household income or below under general laws. I would argue that such a practice is unconstitutional by Article IV Part Third Section 14 of the Maine Constitution which stipulates that "All corporations, however formed, are subject to general laws" I suspect that all of the state by state comparisons tha