The Combined Rate accounts for Federal, State, and Local tax rate on capital gains income, the 3.8 percent Surtax on capital gains and the marginal effect of Pease Limitations (which results in a tax rate increase of 1.18 percent).
Bracket levels adjusted for inflation each year. Release dates for tax bracket inflation adjustments vary by state and may fall after the end of the applicable tax year. Deduction or exemption tied to federal tax system. Federal deductions and exemptions are indexed for inflation. Maine's dependent personal exemption is structured as a tax credit.
Maine Exchange Services, LLC, headquartered in Maine, specializes in forward, reverse, and improvement 1031 tax exchanges. The company has provided Qualified Intermediary services for thousands of exchanges across the United States. It was founded in 2009 by Thomas F. Jewell, Esq., and Paul S. Bulger, Esq., both of whom are experienced commercial real estate attorneys and serve as Qualified Intermediaries for each exchange. Carol A. Redfern, a Certified Exchange Specialist and paralegal with a bachelor’s degree in accounting from the University of Southern Maine, manages the day-to-day operations and has been with the company since 2017. McKayla R. Redfern joined the company in 2023 as an assistant to the manager.
