Tag: taxes
Study: Minnesota marriage penalty ‘hurts families and businesses’
(The Center Square) — A new report released Wednesday lists the states with a marriage penalty on citizens’ income taxes.
The Tax Foundation, a non-partisan policy think...
Minnesota liquor taxes fourteenth-highest in nation
(The Center Square) — The amount of money charged for liquor nationwide varies widely state-by-state, and federal and Minnesota alcohol taxes push the price...
Commentary: What is the politician’s ‘fair share’ of someone’s income?
Even with a forecast budget surplus of $1.6 billion for the 2022-2023 biennium and $4.6 billion coming from the federal government in the latest...
Walz revises budget, drops some proposed tax hikes
(The Center Square) — After a $1.6 billion projected budget surplus and $2.6 billion on the way from the federal government, Gov. Tim Walz proposed a revised budget for the...
Gazelka says no tax increases after federal stimulus set to give...
(The Center Square) — After a $1.6 billion projected state surplus and nearly $5 billion expected from the newest stimulus package, Minnesota Senate Majority Leader Paul...
Minnesota ranks 46th in annual tax climate ranking
(The Center Square) — Minnesota finished 46th in a new study by the Tax Foundation showing which states are best at structuring their tax...
January tax collections nearly $300 million more than expected, paving way...
(The Center Square) – Gov. Tim Walz said this week that January tax collections will be “substantially higher” than expected, improving a previously projected...
Walz’s budget would tax all profitable companies, not just the ‘large’...
(The Center Square) – When Gov. Tim Walz announced $1.63 billion in tax hikes to fuel his $52.4 billion proposed budget, he characterized the...
Forgiveable PPP business loans will be taxed by Minnesota
(The Center Square) – Minnesota businesses can accept their forgiven pandemic loans without worrying about paying federal taxes, but the state taxman is a...
Omar wants to tax individual stock trades
Rep. Ilhan Omar wants to tax individual stock trades to cancel all student loan debt.
Omar's proposed "financial transaction tax" of 0.1% could raise about...