LD 1495 Facts-5-27-10

“TAX REFORM” THE REAL FACTS – VOTE YES ON 1
Who am I and who do I represent?

I am a retired Corporate Tax Director & CPA with 30
years tax experience and life long Democrat, who
believes in a fair tax system. I don’t represent any
special interest group and this law will have no real
impact on me personally ($50 tax increase - average).
I care about the 99.3% of Mainers, who the Maine
Revenue Services (MRS) estimates will have a net $8
million tax increase in 2013, if the new tax law is
enacted. I also care about the thousands of small
businesses that will be adversely impacted.
I don’t represent the less than 5,000 taxpayers with
income over $340,000, who MRS estimates will get a
$34.3 million tax cut in 2013.
Albert A. DiMillo, Jr. Retired Corporate Tax Director & CPA
• The supporters of LD 1495 have current ads on

TV and websites that contain many claims about
the law that are blatantly false and misleading
and try to confuse voters about the facts. I will
give you the facts and educated opinions based
on over 300 hours of detail analysis of the law.
Unlike most of the supporters of the law, who
don’t have any detail knowledge of tax laws and
express opinions without creditable facts to
support those opinions, I will express opinions
based on my tax experience and supporting
documentation.

• The facts will show that:

• The law is not revenue neutral after the first year
• The law increases taxes on many low and middle income
taxpayers and the elderly
• The law creates only about 4,800 tax cut winners, who
earn more than $340,000. There are many more losers
• The law does create large tax increases for many
taxpayers by eliminating or limiting itemized deductions
• The vast majority of the income tax savings (except for
the rich) are eliminated by the sales tax increases
• The law will hurt thousands of small businesses
• The new law is not “smarter” or based on solid tax policy
and was driven mostly by special interest political forces

• The law is based on uncertain MRS economic

projections and the numbers are uncertain
• Most of the income tax benefit is temporary due to
the lack of an inflation adjustment (indexing)
• The vast majority of the new sales taxes are paid by
residents so very little is exported
• The tax reform bill was changed drastically and
rushed through the legislature with no public input
• The new law will hurt thousands of small businesses
• The law will not attract more businesses to move to
Maine and the law is bad for Maine
• The law’s treatment of non residents is unconstitutional

With such different views and opinions of

the impact of the law, one needs to check
the creditability of the two sides. Who has
more creditability, an independent CPA
with 30 years tax experience and no
political agenda or Representative Piotti
and other legislators whose political
careers are tied to this so called “tax
reform” law and who have no tax
experience.
The same legislators who now want you to believe

this “tax reform” cuts income taxes for most
Mainers, in May of 2009 passed LD 353 which
increased income taxes by $10.5 million, cut the
property tax circuit breaker program by 20% and
the homestead exemption by 23%. In total
these changes will increase Mainers taxes by
about $33 million. Almost all of these tax
increases are on low and middle income
taxpayers. The combined impact of LD 353 and
LD 1495 in year 2010 is a $13 million tax cut. A
group of less than 5,000 taxpayers will get a net
tax cut of $28 million, while the other 99.3% of
Mainers have a $14 million tax increase.
• One needs to understand “marginal tax rates”

and overall “effective tax rates”.
• The marginal tax rate is the rate of tax one pays
on the last dollar of income earned, while the
effective tax rate is the total tax paid as a
percentage of a taxpayers total income.
• Under old Maine law there were five marginal
tax rates, 0%, 2%, 4.5%, 7% and 8.5%. The
impact of the various low tax rates is that the
effective tax rate for all Mainers in 2007 was
3.2% according to the Maine Revenue Services.
• For example, under old Maine law a married

couple with two children that doesn’t itemize
deductions and with Maine income of $45,000,
would have paid $930 in tax or an effective tax
rate of 2.1%. Their marginal tax rate is 7% (60%
of Mainers earned less than $45,000 in 2008).
• The most important tax rate is the overall
effective tax rate because this really tells you
how much tax you pay. The 7% rate only tells
you what tax rate was paid on the last $3,950 of
the $45,000 in total income.

• Calculation of tax on married taxpayer with

two children, no itemized deductions and
income of $45,000 is as follows:
• $20,900 at 0% = $ 0
• $10,150 at 2% = 203
• $10,000 at 4.5% = 450
• $ 3,950 at 7.0% = 277
• Total $45,000 $903 2.1% tax rate
• (60% of Mainers earn less than $45,000)

• Calculation of tax on married taxpayer with

two children, no itemized deductions and
income of $60,000 is as follows:
• $20,900 at 0% = $ 0
• $10,150 at 2% = 203
• $10,000 at 4.5% = 450
• $18,950 at 7.0% = 1,327
• Total $60,000 $1,980 3.3% tax rate
• (70% of Mainers earn less than $60,000)

• Every proponent press release and interview

disingenuously reported that Mainers will see the
tax rate go down from 8.5% to 6.5%. The truth
is less than 5% of Mainers will see their top
marginal tax rate drop from 8.5% to 6.5%.
• Now a totally false “NO on 1” ad says your
income tax rates will go up 30% if you vote YES.
• Actually LD 1495 replaces the old 0%, 2%,
4.5%, 7.0% and 8.5% income tax rates with six
marginal tax rates of 6.5%, 6.85%, 8.0%, 8.35%,
8.5% and 10%. Accordingly most of the tax rates
will increase if you vote NO, not YES.

• The truth is the top marginal tax rate

reduction down to 6.5% or 6.85% only has
significant impact on taxpayers in the top
2% of Maine incomes. Accordingly, talk
about the top rate reduction is
meaningless to 98% of Mainers. The
overall effective income tax rate is the only
real rate that matters, and a low top tax
rates does not mean an overall low
effective tax rate to most taxpayers.
TOP EFFECTIVE
TAX RATE TAX RATE RANK
-------------------------------------------------- ------------------------------------------------------ --------------------------------
ME 8.5% 3.21% 17
CT 5.0% 3.51% 10
MA 5.3% 3.83% 4
Source: 2007 Census data

• The proponents of LD 1495 state that the MRS

estimates that over 95% of Mainers will have an
income tax cut. That statement is both false and
misleading, because the MRS also states that
the 95%, does not include the impact of 113,000
low income taxpayers that it estimates currently
don’t file an income tax return and won’t get an
income tax cut, because they won’t file to get
their $50-$70 refund. Once these taxpayers are
included the percentage drops to about 80%.
Also 99.9% of Mainers will get a sales tax
increase, which eliminates most of the income
tax cut.
• The proponents of LD 1495 state that the MRS estimates
that over 90% of Mainers will have an net tax cut even
after the sales tax increase. That statement is both false
and misleading. The MRS report for 2013, (after adjusting
for the 113,600 low income taxpayers the MRS has
budgeted will not file for the tax refunds) estimates that
63.7% of Mainers will have a tax cut. It estimates that all
of their small tax cuts will be paid for with tax increases on
36% of taxpayers averaging more than twice the refund
amounts. Only about 4,787 taxpayers are real winners
under this new tax system as they will average a $7,159
tax cut.
• The report also shows that taxpayers earning from
$33,189-$340,858 will on average have a net tax increase
of $22 each. This group pays 72% of the sales and
income taxes. Those earning less than $33,189 will get a
net $31 tax cut. This group pays less than 10% of the
sales and income taxes.
• The MRS has now issued three different reports on

the impact of the new law on taxpayers for the four
years 2010-2013. Their latest report estimates that
LD 1495 will save the 689,668 Maine taxpayers
$47.8 million in 2010 after adjusting $6.0 million in
refunds the MRS estimates won’t be collected.
• The MRS report shows that a group of 4,586
taxpayers with income over $318,474 (about 2/3 of
1% of the 689,668 Maine taxpayers) will receive in
total, $28.9 million of the $47.8 million net tax
savings for all Mainers or 60% of the total. This
group is receiving a $6,285 tax cut each or 12.8%,
while all other taxpayers are receiving a $28 tax cut
each or a 1.15% tax cut.

• Because LD 1495 does not have inflation

adjustments until 2014 and because under old 2009
Maine law, there were inflation adjustments every
year, the tax savings in 2010 of $28 for 99.3% of
Mainers would become an average tax increase of
$44 in 2013, assuming a reasonable inflation rate of
2.5% per year in 2011-2013.
• In 2013, the lack of inflation adjustments will cause
the MRS estimate of a $47.8 million net tax cut to
Mainers to become about a $2 million tax increase.
The 4,586 taxpayers in the Group with income over
$318,474 will have a tax cut of $28 million, while all
other Maine taxpayers will have a tax increase of
$30 million.
The impact of indexing for a married taxpayer with 1 child:
MAINE INCOME INCOME TAX DECREASE

INCOME TAX 2006 TAX 2009 AMOUNT %
$ 45,000 $ 1,265 $ 1,129 $ 136 10.8%

$ 60,000 $ 2,410 $ 2,203 $ 207 8.6%
$ 120,000 $ 6,201 $ 6,071 $ 130 2.1%

$ 275,000 $ 18,611 $18,481 $ 130 0.7%
$1,000,000 $ 78,791 $78,661 $ 130 0.2%
FIRST 2 TAXPAYERS USE STANDARD DEDUCTION, LAST 3 HAVE ITEMIZED DEDUCTIONS.

Examples of the impact of LD 1495 on taxpayers aged 65 or older

with no children and no itemized deductions:
(1) TAX DECREASE (INCREASE)

STATUS INCOME 2010 2011 2012 2013 TOTAL
Married $60,000 $(137) (190) (252) (293) $(872)
Married $50,000 $ ( 22) (58) (104) (145) $(329)
Married $40,000 $ ( 63) (98) (145) (186) $(492)
Married $35,000 $ ( 21) (39) (63) (83) $(206)
Single $35,000 $ (77) (108) (145) (177) $(507)
Single $30,000 $ (38) ( 58) (84) (105) $(283)
Single $20,000 $ (30) ( 41) (56) ( 67) $(194)
(1) – MAINE AGI (EXCLUDES SOCIAL SECURITY BENEFITS)

Examples of the impact of LD 1495 on taxpayers under age 65 with one
child and no itemized deductions:
TAX DECREASE (INCREASE)

Married $70,000 $ 97 43 (15) (77) $ 48
Married $65,000 $ 74 20 (38) (99) $ (43)
Married $60,000 $ 51 (3) (48) (89) $ (89)
Married $50,000 $ 55 19 (20) (60) $ ( 6)
Married $45,000 $ 35 (1) (40) (80) $ (86)
Married $40,000 $ 14 (21) (61) (90) $(158)

Examples of the impact of LD 1495 on taxpayers under age 65

with no children and no itemized deductions:
TAX DECREASE (INCREASE)

Single $40,000 $ 64 33 ( 1) (29) $ 67
Single $35,000 $ 42 11 (22) (49) $(18)
Single $30,000 $ 21 (10) (43) (60) $(92)
Single $25,000 $ 24 3 (20) (37) $(30)
Single $20,000 $ 8 (13) (35) (53) $(93)

Examples of the impact of LD 1495 on taxpayers under age

65 with itemized deductions:
Itemized Tax (Increase)

Filing Status Income Deductions 2010 -2013
Married 1 $200,000 $30,000 $( 737)
Married 1 $150,000 $25,000 $( 414)
Single 0 $100,000 $20,000 $(1,502)
Single 0 $ 80,000 $18,000 $(1,233)

Examples of the impact of LD 1495 on taxpayers under age

65 with itemized deductions:
Tax Decrease
Itemized (Increase)
Filing Status Income Deductions 2010 - 2013
Married 1 $2,600,000 $33,500 $148,918
Married 1 $1,000,000 $33,500 $ 44,357
Married 1 $ 600,000 $40,000 $ 17,615
Married 1 $ 300,000 $40,000 $ (1,174)

• LD 1495 eliminates the current Maine income tax

structure that includes deductions for exemptions and
the standard deduction or itemized deductions with tax
credits. Of the 42 states with an income tax, 32 states
allow itemized deductions like old Maine law before LD
1495, 8 states allowed no itemized deductions and 2
states allow limited itemized deductions. Under LD
1495, Maine would allow a limited tax credit that will
partially replace itemized deductions for taxpayers.
Accordingly, Maine will move to an income tax structure
like no other state. The limiting of itemized deductions
under LD 1495 results in large tax increases for many
middle-income taxpayers with high itemized deductions
(interest, property taxes, medical costs, contributions).

• The Proponents claim that LD 1495 will “encourage

individuals to become Maine residents and provides
incentives for owners of small businesses that file as
individuals to locate in the state.” The truth is 99% of the
Maine’s most successful small businesses will have on
average a small tax increase under LD 1495, so
accordingly there is no real tax incentive to locate in
Maine.
• The latest MRS report for year 2010 estimates that the
62,069 taxpayers with income from $107,974 - $318,474
will in total have a net tax increase of $1 million or an
average tax increase of $17 each in 2010. Less than 1%
of Maine small businesses earn more than $318,474.

• LD 1495 includes an attempt to tax nonresidents

differently than residents by not allowing them the
household credit that residents get. The MRS report
estimates that more than $15 million of additional income
tax will be collected from non residents under the new law
as compared to the old law. However, the law will likely
be found to be unconstitutional under the Privileges and
Immunities Clause of the US constitution, which prohibits
a state from imposing higher tax rates or taxes on
nonresidents than it imposes on residents. The lost of this
tax revenue has not been included in any of the MRS
reports on the impact of the bill on total tax collections.
• Many non residents who under old law are paying an
effective income tax of 2% - 4%, will have their effective
tax increase to 6.5%. Accordingly, many will see their
income tax more than double.

Examples of the impact of LD 1495 on non residents under age 65

and no itemized deductions:
NON
NON RESIDENT
MAINE RESIDENT RESIDENT TAX AS % OF
STATUS INCOME TAX - 2010 TAX 2010 RESIDENT TAX
Married 2 $60,000 $ 1,775 $ 3,900 220%
Married 2 $40,000 $ 400 $ 2,600 650%
Single 0 $30,000 $ 1,038 $ 1,950 188%
Single 0 $20,000 $ 350 $ 1,300 371%

• To make up for the loss in income tax revenue,

the bill expands the 5% sales tax to the following
services:
• Amusement, entertainment and recreation, (but
not ski tickets and golf course fees) including
admission fees to theaters, movies, lectures,
festivals, amusement parks, water parks, race
tracks, carnivals, circuses, sports activities,
stadiums, amphitheaters, planetariums, animal
parks, petting zoos, aquariums, historical sites,
convention centers, miniature golf, billiard
parlors, go-cart courses and paintball.

• Admission fees charged for exhibitions such

as auto, boat, garden, animal or antique
shows
• Entertainment services provided by bands,
orchestras, disc jockeys, clowns, jugglers,
comedians, and children’s entertainers
• Installation, repair or maintenance of
vehicles, appliances, lawn and garden
equipment, jewelry, cameras, guns, furniture,
musical instruments, electronic and
mechanical equipment, computer hardware
and office equipment
• Tailoring, clothing and shoe repair

• Personal property services including dry
cleaning, laundry and diaper services,
embroidery and monogramming, car
washing, pressure cleaning and washing,
pet services, picture framing, house
cleaning, furniture and rug cleaning,
interior decoration, meal preparation,
butchering, art restoration, warehousing
and storage, moving services, vehicle
towing and boat mooring
• Increases the sales tax on:

• Candy and soft drinks from 5% to 8.5%
• On premise liquor service from 7% to 8.5%
• Meals and lodging from 7% to 8.5%
• Short term car rental from 10% to 12.5%

• Proponents of LD 1495 have deceptively stated that
Maine’s “meals and lodging taxes” are much lower than
other states and that raising these taxes will allow the
state to export the tax increase to out of state residents.
The truth is that while these statements are somewhat
true for lodging taxes, they are not true for the meals tax.
The MRS estimates that 68% of Maine’s meals taxes are
paid by Maine residents. In addition, Maine’s meals tax at
7% is not low as compared to other states.
Massachusetts just raised their meals tax from 5% to
6.25% and Connecticut’s tax is only 6%. Orlando
Florida's meals tax is 6.5%. These states have the same
meals tax rate as their general sales tax. While some
states have a small differential between their general
sales tax and their meals tax, Maine at 7% already has a
40% additional tax differential and an increase to 8.5% or
a 70% differential would put Maine in the small minority of
states.
• The new sales tax on services is unfair because it does

not treat all services the same.
• Why no tax on golf and skiing, lawyers, accountants and
other professional services?
• The sales tax will be a disproportional added
administration expense for small businesses (13.5% cost
to collect sales tax based on 2006 study).
• The sales tax on services will likely lead to more non
compliance with the sales tax laws, which is probably
why LD 1495 includes funding to hire 6 new sales tax
auditors.
• Reducing the income tax equates to less than a 1/4%
sales price adjustment and is claimed to create a pro
business climate, why is increasing the sales price tax by
5% not bad?

• Proponents argue that Maine’s income tax

is one of the highest in the US, while the
sales tax is below average. Based on the
2007 census data, this statement is
incorrect. The 2007 data ranked Maine’s
income tax collections as the 17th highest
based on its percentage of personal
income. Maine’s sales tax collected was
ranked 21st highest of all states and 15th
highest out of the 43 states with both an
income and sales tax.
MILLIONS
SALES TAX ON SERVICES $ 44.0
TOTAL CY 2008 ME SALES TAXES $ 1,481.0
TOTAL CY 2008 ME STATE & LOCAL TAXES $ 5,095.0
SERVICE TAX AS % OF TOTAL 2008 SALES TAXES 3.0%
SERVICE TAX AS % OF TOTAL STATE & LOCAL TAXES 0.9%
THE CLAIM THAT THE EXPANSION OF THE SALES TAX TO

SERVICES WILL REDUCE REVENUE STABILITY IS
GREATLY OVERSTATED BASED ON THE SMALL AMOUNT
OF NEW SALES TAXES ON SERVICES.
• To get this slide presentation and backup

calculations and a tax calculator go to:
• www.mainedemocratstaxreform.org

• For the majority of taxpayers, LD 1495 cuts the top tax

rate at most from 7% to 6.5%, because 63% of Mainers
have a top marginal tax rate of 7% or less. Other higher
income taxpayers will see their top rate go down from
8.5% to 8%. However, in some cases LD 1495 actually
increases the 2% and 4.5% marginal tax rates under the
old law to 6.5% and the old law 7% marginal tax rate to
8% or from 7% to 10%.
• The 10% rate applies only to married taxpayers over age
65 with income from $55,000 - $58,000 and elderly
single taxpayers with income from $32,000 - $35,000, so
most would not quote the 10% tax rate without
qualification. But the proponents of LD 1495 never
mention that the drop in the top rate from 8.5% to 6.5%
applies to less than 5% of Mainers. Using this deceptive
approach, one could simply state that LD 1495 increases
the top tax rate from 8.5% to 10% and it would be true.
• Maine Revenue Services (MRS) issued a

report on the estimated impact of LD 1495 on
Maine taxpayers. The report illustrated that the
limiting of itemized deductions was the main
reason 82,000 taxpayers will average a net tax
increase of $446 and that 29,000 taxpayers
will have their income tax increase by $1,008
each. These tax increases funds the estimated
income tax cut of $32.3 million ($5,952 each)
for a group of 5,430 taxpayers with income
over $316,958.
• The proponents argue that LD 1495 is more progressive

and point to the fact that the top 10% of taxpayers will only
get $16.5 million of the $51.9 million net tax savings and
that their percentage decrease in tax at 1.8% is less than
the average of all taxpayers of 2.8%.
• First what they don’t tell you is that the MRS estimates that
$5.7 million of the net $51.9 million net tax savings will not
be collected by low income taxpayers because they do not
file income tax returns and 50% of these non filers will not
file to get their $50 -$70 tax refund. Accordingly, the
correct net refund is $46.2 million not $51.9 million.
• Second within this group of 68,667 taxpayers, there are
4,545 taxpayers in the top 1% earning over $316,958 that
will get a tax cut of $28.0 million and that all the other
64,122 taxpayers in the top 10% will have a net tax
increase of $11.5 million.

Deceptive Math that equals $1.80 each
One Taxpayer gets $30 = $30

Three taxpayers get 0 = 0
Three taxpayers get 1 = 3
Three taxpayers get -5 = -15
Total $ 18
Average for group $1.80

• In 2013 assuming a 2.5% inflation rate in 2011-

2013, the so called “revenue neutral” tax reform
law will increase total taxes by about $55 million
over old Maine law. This results from about $8
million in increased sales taxes ($5 million on
Mainers and $3 million more on non residents),
about $32 million in increased income taxes
from the loss of the inflation adjustments to the
tax brackets for three years and about $15
million in income taxes from the loss of the
inflation adjustments to the standard deduction
for three years.

• The top income taxpayers will get an 18%

income tax cut, while the average income tax cut
for all taxpayers is only 8.5%. Proponents of LD
1495 argue that the “small” amount of taxpayers
with a tax increase is justified to get tax reform.
The truth is a system to reduce income tax for
100% of Mainers could have been established
by just giving all taxpayers a flat 8.5% income
tax cut. Almost all taxpayers with income of up to
$400,000 will save less tax under LD 1495, than
if they received a flat 8.5% income tax cut. Most
taxpayers with income over $400,000, save
more under LD 1495 than a plan that just cut the
income tax by 8.5% for all taxpayers.
• The top income taxpayers will get an 18%

income tax cut, while the average income tax cut
for all taxpayers is only 8.5%. Proponents of LD
1495 argue that the “small” amount of taxpayers
with a tax increase is justified to get tax reform.
The truth is a system to reduce income tax for
100% of Mainers could have been established
by just giving all taxpayers a flat 8.5% income
tax cut. Almost all taxpayers with income of up to
$400,000 will save less tax under LD 1495, than
if they received a flat 8.5% income tax cut. Most
taxpayers with income over $400,000, save
more under LD 1495 than a plan that just cut the
income tax by 8.5% for all taxpayers.

LD 1495 Facts-5-27-10

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“TAX REFORM” THE REAL FACTS – VOTE YES ON 1

Who am I and who do I represent?

• The supporters of LD 1495 have current ads on

Albert A. DiMillo, Jr. Retired Corporate Tax Director & CPA

• The facts will show that:

Albert A. DiMillo, Jr. Retired Corporate Tax Director & CPA

• The law is based on uncertain MRS economic

Albert A. DiMillo, Jr. Retired Corporate Tax Director & CPA

With such different views and opinions of

The same legislators who now want you to believe

• One needs to understand “marginal tax rates”

• For example, under old Maine law a married

Albert A. DiMillo, Jr. Retired Corporate Tax Director & CPA

• Calculation of tax on married taxpayer with

Albert A. DiMillo, Jr. Retired Corporate Tax Director & CPA

• Calculation of tax on married taxpayer with

Albert A. DiMillo, Jr. Retired Corporate Tax Director & CPA

• Every proponent press release and interview

Albert A. DiMillo, Jr. Retired Corporate Tax Director & CPA

• The truth is the top marginal tax rate

Source: 2007 Census data

• The proponents of LD 1495 state that the MRS

• The MRS has now issued three different reports on

Albert A. DiMillo, Jr. Retired Corporate Tax Director & CPA

• Because LD 1495 does not have inflation

The impact of indexing for a married taxpayer with 1 child:

MAINE INCOME INCOME TAX DECREASE

$ 45,000 $ 1,265 $ 1,129 $ 136 10.8%

$ 120,000 $ 6,201 $ 6,071 $ 130 2.1%

Albert A. DiMillo, Jr. Retired Corporate Tax Director & CPA

Examples of the impact of LD 1495 on taxpayers aged 65 or older

(1) TAX DECREASE (INCREASE)

(1) – MAINE AGI (EXCLUDES SOCIAL SECURITY BENEFITS)

Albert A. DiMillo, Jr. Retired Corporate Tax Director & CPA

TAX DECREASE (INCREASE)

Albert A. DiMillo, Jr. Retired Corporate Tax Director & CPA

Examples of the impact of LD 1495 on taxpayers under age 65

TAX DECREASE (INCREASE)

Albert A. DiMillo, Jr. Retired Corporate Tax Director & CPA

Examples of the impact of LD 1495 on taxpayers under age

Itemized Tax (Increase)

Albert A. DiMillo, Jr. Retired Corporate Tax Director & CPA

Examples of the impact of LD 1495 on taxpayers under age

Albert A. DiMillo, Jr. Retired Corporate Tax Director & CPA

• LD 1495 eliminates the current Maine income tax

Albert A. DiMillo, Jr. Retired Corporate Tax Director & CPA

• The Proponents claim that LD 1495 will “encourage

Albert A. DiMillo, Jr. Retired Corporate Tax Director & CPA

• LD 1495 includes an attempt to tax nonresidents

Albert A. DiMillo, Jr. Retired Corporate Tax Director & CPA

Examples of the impact of LD 1495 on non residents under age 65

Married 2 $60,000 $ 1,775 $ 3,900 220%

Married 2 $40,000 $ 400 $ 2,600 650%

Single 0 $30,000 $ 1,038 $ 1,950 188%

Single 0 $20,000 $ 350 $ 1,300 371%

Albert A. DiMillo, Jr. Retired Corporate Tax Director & CPA

• To make up for the loss in income tax revenue,

Albert A. DiMillo, Jr. Retired Corporate Tax Director & CPA

• Admission fees charged for exhibitions such

• Tailoring, clothing and shoe repair

• Increases the sales tax on:

Albert A. DiMillo, Jr. Retired Corporate Tax Director & CPA

• The new sales tax on services is unfair because it does