Posts Tagged ‘Ernst & Young business tax report’

Minnesota Business Taxes Low Relative to Benefits Received

The public in general and businesses in particular understandably pay close attention to the taxes they pay. However, the other side of the coin—the benefit derived from the expenditure of tax dollars—is frequently overlooked. This makes about as much sense as focusing on the price of the new car you’re buying, but ignoring the quality…

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Minnesota Business Property Taxes Per Capita, Employee

Minnesota business property taxes really aren’t that high, based on analysis of information from the annual business tax report prepared by Ernst & Young (EY). As described in the preceding article in this series, Minnesota’s business effective property tax rate is below national and regional averages and less than in most other states. An analysis…

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Minnesota Business Property Taxes Below Average

A common mantra among conservatives is that Minnesota business property taxes are high relative to other states—a view promulgated by Minnesota’s business lobby and interest groups. Analysis of data from impartial sources, however, suggests that the opposite might be true. The most commonly cited claim that Minnesota business property taxes are among the highest in…

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Business Share of Minnesota Taxes Below US Average

Many believe that Minnesota businesses bear a disproportionate share of the total state and local tax load compared to businesses in other states. This notion is perhaps the result of significant corporate and individual income taxes, the presence of both state and local business property taxes (most states impose only local business property taxes), and…

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Minnesota Business Tax Rates Below U.S. Average

Minnesota’s business lobby frequently complains that business tax rates in the Gopher State are high. Such claims are often based on nominal tax rates—in other words, the rates that are written into state law; however, nominal rates do not take into account various statutory exclusions that reduce the base against which the rate is applied…

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Minnesota Business Taxes Per Worker Below U.S. Average

Conservatives regularly claim that business taxes in Minnesota are high relative to the rest of the nation, but an examination of fiscal year (FY) 2015 total state and local business taxes per private sector employee in each of the fifty states reveals that Minnesota is actually below the national average. Each year, the Quantitative Economics…

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