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WASHINGTON — The top 400 taxpayers in the United States paid an average tax rate of 18 percent in 2010, the lowest since 2007, according to Internal Revenue Service data released Friday.
The wealthiest taxpayers earn most of their money from capital gains, which are taxed at preferential rates, letting them pay effective rates far below the 35 percent marginal income tax rate that year.
People who earn all of their income from wages often pay a higher tax rate than the very wealthiest Americans, said Leonard Burman, director of the Tax Policy Center in Washington.
The comparable rate for all taxpayers in 2010 was 11.8 percent, and that includes more than 40 percent of households that paid no income taxes that year.
The data show the highest-income U.
Brace yourselves, fellow Mainers. We’re about to bear witness to the Battle of the Bongs.
Wednesday’s announcement by Legalize Maine that it will soon begin circulating petitions for a citizens initiative referendum on legalizing marijuana in Maine was, in and of itself, an inevitable step forward in the nationwide movement to remove the penalties from possessing and partaking of pot.
But here’s the rub: The Marijuana Policy Project, based in Washington, D.
MONTPELIER, Vt. – A decades-long national decline in the number of hunters has prompted states to tap into a new group of hunters – people who demand locally produced food, but don’t know the first thing about bagging a deer.
Books and blogs on the topic are numerous, and state wildlife departments are offering introductory deer hunting classes in urban areas to recruit newbies who want to kill their own local, sustainable and wild meat in what some say is an ecologically friendly way.
“It’s not easy and it’s not a surefire way to fill a freezer every year but it’s certainly more rewarding than even raising a cow behind your house and butchering it,” said Chris Saunders, hunter education coordinator for the Vermont Department of Fish and Wildlife.
Father, son guilty of stealing $50,000 from Little League
A father and son have been found guilty of stealing what authorities say was at least $50,000 from a Medford Little League.
The Middlesex district attorney said a jury found Stanley Komins and Stephen Komins, both of Stoneham, guilty of embezzlement.
Stanley Komins was ordered to serve a year in prison and pay $35,000 restitution to the West Medford Hillside Little League.
AUGUSTA — Allegations that officials at the VA Maine Healthcare System took shortcuts and withheld information from patient files in an effort to meet national benchmarks have prompted a federal probe of services there.
While it’s not clear what impact that has on the nearly 10,000 veterans who receive treatment statewide for issues such as post-traumatic stress disorder and depression, a veterans’ benefits lawyer said if the claim that information was omitted from patient files is true, it would be “absolutely huge.”
But Togus director Ryan Lilly said Thursday that while the allegations are serious and will be corrected if needed, he hasn’t seen evidence substantiating them or indicating staff malfeasance.
“One way or another, we’ll get to the bottom of all this,” Lilly said from his office at Togus, the federal campus outside Augusta that runs the statewide veterans network.
GREENWICH, Conn. — From the heart of the thicket, you can’t see the road, just trees growing bare and tangles of weeds, still green against the reds and yellows of the ground cover.
North Street School is just a stone’s throw away, and the fire training tower peeks through the gaps in trees at certain angles.