Despite evidence that a majority of Minnesotans supported an income tax increase on better off Minnesotans in exchange for property tax cuts, the legislative session ended without the creation of a new top income tax bracket. The bill sent to Governor Tim Pawlenty would have created a new 9 percent top income tax rate for married couples with taxable income above $400,000 ($226,000 for singles), but Governor Pawlenty vetoed the legislation and the battle for progressive taxes will have to wait for another year. In the meantime, the Star-Tribune is right when it says that the Governor's veto, "keeps Minnesota on a road toward more regressive taxation."
Categories
-
Federal Tax Issues
- Alternative Minimum Tax (AMT)
- Budget & Deficits
- Bush Tax Cuts
- Capital Gains & Dividends Taxes
- Corporate Taxes
- Economy & Job Creation
- Education, Health and Housing
- Elections
- Energy & Environment
- Estate Tax
- Obama's Tax Policies
- Regressive Tax Proposals
- Retirement
- Tax Credits for Working People
- Tax Enforcement & Tax Evasion
- Tax Reform Options
- Who Pays How Much
- State Tax Issues
-
Tax Issues by State
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- District of Columbia
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Wyoming