Posts Tagged ‘state tax rankings’

Tax, Revenue, Spending Rankings in Perspective

Americans love rankings. We rank everything from Division 1 college football teams to states with the worst winters. (Without much trouble, you can probably guess which one Minnesota leads the nation in!) Policy nerds (like me) and politicians often talk about tax rankings. Less frequently discussed—but as or perhaps more important—are rankings of states based…

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Tax Regressivity in Minnesota vs. Other States

Minnesota policymakers of all political persuasions have touted the importance of reducing tax regressivity—in other words, reducing the extent to which taxes as a percent of income are borne disproportionately by low- and middle-income households. Thus, it should come as good news that Minnesota has the seventh least regressive tax system in the nation, despite…

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Minnesota’s Income Tax: Not the Most Progressive

Like many states, Minnesota offsets the regressivity of sales and property taxes through a progressive income tax. Minnesota’s income tax became more progressive in 2013 with the addition of a fourth income tax bracket for high-income households. Even after enactment of the new fourth tier, however, Minnesota’s individual income tax is still far from the…

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Before Hyperventilating About Tax Rankings…

Based on the most recent government finance data from the U.S. Census Bureau for 2013, combined state and local government taxes per capita in Minnesota are the tenth highest in the nation*—and this does not include tax increases enacted during the 2013 session. However, before going apoplectic about Minnesota’s “top ten” per capita tax status,…

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