Study claims Minnesota has average taxes

Study claims Minnesota has average taxes

There are 111 comments on the TwinCities.com story from May 21, 2008, titled Study claims Minnesota has average taxes. In it, TwinCities.com reports that:

Concert series: The Wednesday Night Concerts on the Hill summer series will kick off June 11 with Dan and Jacey Lea at 7 p.m. at the Heyde Center for the Arts, 3 S. High St.

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Red Ryder

Minneapolis, MN

#1 May 22, 2008
http://www.taxfoundation.org/research/topic/3...

Tax Freedom Day Arrives on April 27 in Minnesota
Tax Freedom Day is the day when Americans finally have earned enough money to pay off their total tax bill for the year. In 2008, Minnesota taxpayers had to work until April 27 (ranked 8th highest nationally) to pay their total tax bill, four days after national Tax Freedom Day (April 23). The Tax Freedom Days of neighboring states were: Wisconsin, April 24 (ranked 14th nationally); Iowa, April 16 (34th nationally); North Dakota, April 12 (39th nationally); and South Dakota, April 12th (41st nationally).

Tax Freedom Day has been projected using the most up-to-date economic and budget projections from official government agencies. However, Tax Foundation estimates of average state and local tax rates for 2008 will not be released until later this spring as we await more up-to-date data from various government agencies.
Red Ryder

Minneapolis, MN

#2 May 22, 2008
This new publication by the American Legislative Exchange Council, Rich States/Poor States: ALEC-Laffer State Economic Competitiveness Index, is an invaluable resource for state lawmakers and citizens to evaluate their state’s fiscal and economic policies, while analyzing their results and ramifications.

Authors Arthur Laffer and Stephen Moore, two of the most well-respected free-market economists in America, provide an in-depth analysis of policies, which foster economic growth and prosperity in one state and economic malaise in another. This useful and insightful work is divided into three sections, in addition to the State Competitiveness Rankings.

http://www.alec.org/AM/Template.cfm...
Red Ryder

Minneapolis, MN

#3 May 22, 2008
A number of liberal groups and legislators have been sending out very misleading messages in an effort to redefine our state's burden, such as measuring taxes as a percent of income instead of a percent of the total tax collected. Think of it, as long as you keep working and earning, taxes can keep going up just as much as your income and according to this fundamentally flawed analysis your tax burden hasn't risen.

The fact is when you look at who is paying what percentage of the total taxes collected (such as the top 20% of income earners -- making $76,000 or more -- in this state paying a whopping 71% of all income taxes paid), Minnesota’s ranking is much more accurately reflected. Which is one reason why the following groups all rank Minnesota much higher in state and total tax burden. So see for yourself who's telling the truth on taxes in Minnesota:

http://www.taxes.state.mn.us/legal_policy/res...

http://www.house.leg.state.mn.us/fiscal/files...

http://www.ppinys.org/reports/jtf/taxburdens....

http://www.census.gov/govs/statetax/05staxran...
Tybalt

Saint Paul, MN

#4 May 22, 2008
that 'study' is baloney.
Mike in Mpls

Minneapolis, MN

#5 May 22, 2008
"Minnesota ranked 19th in the nation in total state and local taxes [measured as a percentage of income].."

This is the indicator that this study was done by a lefist group. From each according to his abilities to each according to his needs.-Karl Marx
Red Ryder

Monroe, LA

#6 May 22, 2008
Mike in Mpls wrote:
"Minnesota ranked 19th in the nation in total state and local taxes [measured as a percentage of income].."
This is the indicator that this study was done by a lefist group. From each according to his abilities to each according to his needs.-Karl Marx
1)“We’re going to take things away from you on behalf of the common good.”

A. Karl Marx
B. Adolph Hitler
C. Joseph Stalin
D. None of the above

2)“It’s time for a new beginning, for an end to government of the few, by the few, and for the few…and to replace it with shared responsibility for shared prosperity.”

A. Lenin
B. Mussolini
C. Idi Amin
D. None of the Above

3)“(We)…can’t just let business as usual go on, and that means something has to be taken away from some people.”

A. Nikita Khrushev
B. Josef Goebbels
C. Boris Yeltsin
D. None of the above

4)“We have to build a political consensus and that requires people to give up a little bit of their own…in order to create this common ground.”

A. Mao Tse Dung
B. Hugo Chavez
C. Kim Jong Il
D. None of the above

5)“I certainly think the free-market has failed.”

A. Karl Marx
B. Lenin
C. Molotov
D. None of the above

6)“I think it’s time to send a clear message to what has become the most profitable sector in (the) entire economy that they are being watched.”

A. Pinochet
B. Milosevic
C. Saddam Hussein
D. None of the above

Answers:

(1) D. None of the above. Statement was made by Hillary Clinton 6/29/2004
(2) D. None of the above. Statement was made by Hillary Clinton 5/29/2007
(3) D. None of the above. Statement was made by Hillary Clinton 6/4/2007
(4) D. None of the above. Statement was made by Hillary Clinton 6/4/2007
(5) D. None of the above. Statement was made by Hillary Clinton 6/4/2007
(6) D. None of the above. Statement was made by Hillary Clinton 9/2/2005
Drew Down

Minneapolis, MN

#7 May 22, 2008
"Average" in terms of taxes?! Ha. It may not be the highest in the nation, but “average”?!!

When it comes to this "study", just consider the source.

And as noted above, when one looks at their “total tax burden”, taxes on earned and passive income going to the Uncle Sam & the State, Sales tax, Property tax, and so on, the percentage is staggering; even for those on the lowest end of the income spectrum.
Larry Pogemiller

Monroe, LA

#8 May 22, 2008
"I think it's simplistic and naive to say people can spend their money better than the government."And he went on to include... "The notion that everybody can individually spend their money better than government I, I just think is trite, wrongheaded and anti-democratic."
Red Ryder

Monroe, LA

#9 May 22, 2008
Drew Down wrote:
"Average" in terms of taxes?! Ha. It may not be the highest in the nation, but “average”?!!
When it comes to this "study", just consider the source.
And as noted above, when one looks at their “total tax burden”, taxes on earned and passive income going to the Uncle Sam & the State, Sales tax, Property tax, and so on, the percentage is staggering; even for those on the lowest end of the income spectrum.
I think they meant "above average".
Justin C Adams

Minneapolis, MN

#10 May 22, 2008
The burden of government ought to be distributed, as nearly as possible, among individuals in proportion to the revenue they enjoy under the protection of the state.-- Wealth of Nations, Book 5 Chapter 2 - the subsection labeled "The first principal of taxation".
From each according to his ability is the theory put forward by the inventor of free market economics.
Peter

Houston, TX

#11 May 22, 2008
It all depends on who you are. If you have a high income, Texas, for example, is dramatically lower tax. If you are low income, MN is a bargain. Heh, wait, good for low income people, bad for high income people. Sure, now I get it. Those that pay the bills are leaving. Those that benefit from government services are arriving. This ends badly.
Conservative Blivet

Saint Paul, MN

#12 May 22, 2008
I only believe numbers that support my point of view. All other numbers are baloney.
Red Ryder

Minneapolis, MN

#13 May 22, 2008
Conservative Blivet wrote:
I only believe numbers that support my point of view. All other numbers are baloney.
are you a member of the Branch Algorians?
Conservative Blivet

Saint Paul, MN

#14 May 22, 2008
Red Ryder wrote:
<quoted text>
are you a member of the Branch Algorians?
Naw. I'm a Rushian.
andrew

Maple Grove, MN

#15 May 22, 2008
State and local government spending as percentage of gross state product

Minnesota = 8.4%
US average = 8.6%

http://www.bea.gov/regional/gsp/
Happy

West Fargo, ND

#16 May 22, 2008
andrew wrote:
State and local government spending as percentage of gross state product
Minnesota = 8.4%
US average = 8.6%
http://www.bea.gov/regional/gsp/
Based on individuals not corporate tax rates. Add that in and get back to us. And before you go into the whole coproprate evil greed crap please realise that a corp can be a small mom and pop shoppe.
andrew

Maple Grove, MN

#17 May 22, 2008
Peter wrote:
It all depends on who you are. If you have a high income, Texas, for example, is dramatically lower tax. If you are low income, MN is a bargain. Heh, wait, good for low income people, bad for high income people. Sure, now I get it. Those that pay the bills are leaving. Those that benefit from government services are arriving. This ends badly.
Per capita income in Minnesota is 23% higher than in Texas.

Median income for men working full time is 17% higher in Minnesota than in Texas. For women, it's 15% higher.
andrew

Maple Grove, MN

#18 May 22, 2008
Red Ryder wrote:
A number of liberal groups and legislators have been sending out very misleading messages in an effort to redefine our state's burden, such as measuring taxes as a percent of income instead of a percent of the total tax collected. Think of it, as long as you keep working and earning, taxes can keep going up just as much as your income and according to this fundamentally flawed analysis your tax burden hasn't risen.
The fact is when you look at who is paying what percentage of the total taxes collected (such as the top 20% of income earners -- making $76,000 or more -- in this state paying a whopping 71% of all income taxes paid), Minnesota’s ranking is much more accurately reflected. Which is one reason why the following groups all rank Minnesota much higher in state and total tax burden. So see for yourself who's telling the truth on taxes in Minnesota:
http://www.taxes.state.mn.us/legal_policy/res...
http://www.house.leg.state.mn.us/fiscal/files...
http://www.ppinys.org/reports/jtf/taxburdens....
http://www.census.gov/govs/statetax/05staxran...
Minnesota’s tax system is roughly proportional, taking approximately the same percentage of income in taxes from people of all income levels.

Each type of tax varies in its impact. Lower-income Minnesotans pay more of their tax burden as sales and excise taxes; upper-income people pay more of their tax burden as income taxes.

Each income group in Minnesota pays taxes in rough proportion to its share of total income. For example, the combined income of the wealthiest 10% of Minnesotans receive 41.8% of total state income. This group pays 37.7% of total state and local taxes.

Recent tax changes, while reducing taxes for all income levels, have been most advantageous to those in the bottom and top income levels, with smaller benefits for those in the middle.

http://www.mncn.org/bp/incid01.htm
andrew

Maple Grove, MN

#19 May 22, 2008
Happy wrote:
<quoted text>
Based on individuals not corporate tax rates. Add that in and get back to us. And before you go into the whole coproprate evil greed crap please realise that a corp can be a small mom and pop shoppe.
No, that's total government expenditures of state and local government as percentage of gross state product. Please investigate the meaning of what is claimed before you make erroneous comments based upon them. Follow the link I provided if you have questions.
Pragmatist

Burnsville, MN

#20 May 22, 2008
andrew wrote:
State and local government spending as percentage of gross state product
Minnesota = 8.4%
US average = 8.6%
http://www.bea.gov/regional/gsp/
How does that compare to our neighbors that are attracting all of our businesses? South Dakota, North Dakota, Iowa, Wisconsin.........where do they fall in this mix? Regionally, Minnesota is beginning to suffer a brain drain to these surrounding states because of a very unfriendly business climate. What will happen to our taxes as the bigger businesses begin to put more and more of their production outside of the state?

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