Maine ballot initiative would make individual tax rate 2nd highest in nation

AUGUSTA, Maine — Mainers on Election Day will not just be casting ballots for president, they'll be deciding whether residents earning more than $200,000 will be required to pay a 3 percent surtax — revenue that will be set aside for schools. The ballot question works like this — if it passes, a Maine resident making $260,000 annually will pay his or her normal taxes, plus a 3 percent tax on $60,000.

AUGUSTA, Maine — Mainers on Election Day will not just be casting ballots for president, they'll be deciding whether residents earning more than $200,000 will be required to pay a 3 percent surtax — revenue that will be set aside for schools. The ballot question works like this — if it passes, a Maine resident making $260,000 annually will pay his or her normal taxes, plus a 3 percent tax on $60,000.…