Archive for June 2016

Business Share of Total Minnesota Taxes Below U.S. Average

The share of total Minnesota state and local taxes paid by businesses is comfortably below the national average, according to data compiled by Ernst & Young (EY) contained in a recent report from the Council on State Taxation (COST). In fact, Minnesota is among the bottom ten states in the nation in terms of the…

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Mid-Week Reads: China and Student Loan Debt

Every week, North Star will take some time out of our schedules to bring you our favorite reads from the past week. Jeff Van Wychen China’s Twilight Years China’s economy–which until recently appeared to be an unstoppable juggernaut–will be hampered in future decades by an aging population which will cause China’s workforce to shrink. While…

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Indexing Cigarette Taxes is Smart Public Policy

The per pack cigarette tax in Minnesota is indexed (or adjusted annually) based on the change in the average cigarette retail price. As a result of indexing, the tax on a pack of cigarettes has risen from $2.83 in 2014 to $3.00 per pack in 2016 and will likely increase again next year. Opponents of…

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