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Wednesday, March 16, 2011

Minnesota's tax system becoming more regressive | Stories

Minnesota's tax system becoming more regressive:

High-income Minnesotans continue to pay lower overall tax rates than everyone else, according to a new tax incidence study released today by the Minnesota Department of Revenue.

The overall state and local tax burden averaged 11.5 percent of income in 2008. The state's highest-income taxpayers — the 10 percent of households earning more than $130,000 — paid an effective tax rate of 10.3 percent. The remaining 90 percent of low- and middle-income households paid a substantially higher effective tax rate of 12.3 percent.

Overall State & Local taxes Minnesotans paid in 2008
Source: Minnesota Department of Revenue

A copy of the study is available here. [PDF]

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