I’ve mentioned on several occasions that
There is a general belief by Mainers at least, even though state officials dispute it, that a good number of Southern Mainers regularly cross the border to do their shopping. The closer to the border a resident lives, the more likely that the trip will be made.
This year, sales tax revenue is down in
In its first of what it says will be an on-going study report issued today in a Maine Issue Brief 1, MHPC cited U.S. Census statistics that said in the year 2005, Maine’s tax burden—tax collections as a percent of personal income—was 45 percent higher than New Hampshire’s. The Maine Issue Brief pointed out that difference could be a big incentive for Mainers to shop in the
The report is broken down into several categories of amounts spent, number of cars, turnover rates, and other pieces of useful information. (The complete report can be found here.) Using a combination of statistical estimates, the MHPC suggests that Mainers save more than 36 million dollars a year in taxes by shopping in
The report does point out that avoiding
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© 2007 The
The entire report is fascinating reading and good food for thought. It includes a statement that the report should not promote increased or heavy monitoring of sales by