Posts Tagged ‘state business tax rankings’

Minnesota Business Tax Rate Equals U.S. Average

Business groups—including the Minnesota Business Partnership and Minnesota Chamber of Commerce—actively cultivate the notion that business taxes in the Gopher State are high relative to the rest of the nation. However, total state and local business taxes as a share of business activity in Minnesota are typical of other states and equal to the national…

Read More

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…

Read More

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…

Read More

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…

Read More