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.Source: Minnesota Department of RevenueA copy of the study is available here. [PDF]
Critiquing the rationality of public policy, ruminating on modern life,
and exposing my inner nerd.
Wednesday, March 16, 2011
Minnesota's tax system becoming more regressive | Stories
Minnesota's tax system becoming more regressive:
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment