Posts Tagged ‘Taxes’

Majority of Business Tax Break Leaves Minnesota

The elimination of state business property tax is projected to reduce state revenue by nearly $1.9 billion by the time it is fully phased-in. However, the amount of net tax relief received by Minnesotans will only be about $0.9 billion. What happened to the missing $1.0 billion? It will be exported to out-of-state taxpayers or…

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No Evidence Taxes are Driving People Out

A new report from the right wing Center of the American Experiment (CAE) contends that Minnesotans are leaving the state in droves—a phenomenon referred to as “income migration.” The culprit—according to the report—are those hateful Minnesota taxes. A recent post from the Minnesota Budget Project points out that the data used in the CAE report…

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Metro Area Gets Most from State Business Tax Repeal

Proponents of the elimination of the state business property tax have touted the tax relief that will flow to greater Minnesota businesses. However, the vast majority of the relief will flow to the seven-county metropolitan area, with over a third going to Hennepin County alone. This article is part of a continuing series which examines…

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Small Business Tax Relief? Not So Much

In recent years conservatives have talked about phasing-out and ultimately eliminating the state business property tax. This is the first of a series of articles that will examine various aspects of this plan. This article will examine the distribution of tax relief between large and small businesses. Just how much of the tax relief from…

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Conservative Criticisms of the 2013 Tax Act Fall Flat

A recent North Star article touted the success of the 2013 tax act in reducing tax regressivity, providing targeted tax relief, reducing the state and local taxes paid by most middle-income households, funding important public investments, and helping to put the state budget on a sound fiscal footing. However, no retrospective of the 2013 tax act…

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I Sing the Tax Act 2013

Of all the legislation enacted in recent years, few have aroused as much passion as chapter 147 of the 88th legislative session: the 2013 omnibus tax act. Thus, it is fitting that North Star’s inaugural fiscal policy article should focus on this historic law. To some, the 2013 tax act represents confiscatory taxation and excessive…

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