The differences in purchasing power can be large and they have significant implications for the relative impact of economic and tax policies across the United States.
Maine Tax Rates, Collections, and Burdens
How does Maine’s tax code compare? Maine has a graduated individual income tax, with rates ranging from 5.80 percent to 7.15 percent. Maine also has a corporate income tax that ranges from 3.50 percent to 8.93 percent. Maine has a 5.50 percent state sales tax rate and does not levy any local sales taxes. Maine’s tax system ranks 35th overall on our 2023 State Business Tax Climate Index.
Each state’s tax code is a multifaceted system with many moving parts, and Maine is no exception. The first step towards understanding Maine’s tax code is knowing the basics. How does Maine collect tax revenue? Click the tabs below to learn more! You can also explore our state tax maps, which are compiled from our annual publication, Facts & Figures: How Does Your State Compare?
State Tax Data
State and Local General Sales Tax Collections per Capita$1223Rank: 25
State Gasoline Tax Rate (cents per gallon)30.01¢Rank: 28
State Cigarette Tax Rate (dollars per 20-pack)$2.00Rank: 18
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