Death and Taxes (and Death)
In the midst of a Federal government shutdown and the roll out of a national healthcare overhaul, it’s probably as good a time as any to mention that Maine's sales tax has jumped to 5.5%.
This and other tax increases were part of the state budget passed by the Legislature that went into effect October 1st. The tax rate on hotel rooms, meals at restaurants and alcoholic beverages sold on premises has also gone up from 7% to 8%.
The good news is the tax hikes are ‘temporary,’ which means we’ll only have to pay it until June 30th, 2015.
You may also notice your favorite magazine, newspaper or comic book costing a bit more. Maine has repealed a sales tax exemption for most publications and they are now subject to a 5.5% sales tax. Maine Revenue Services says if the first issue of a new subscription is on or after October 1, the sale price of the subscription will be taxable.
So have a drink, read the paper and enjoy your government shutdown.