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Why Minnesota Is Attracting So Many New Residents and Businesses–Not

By May 10, 2024Commentary

This is a great chart, put together by WalletHub, showing the total state and local individual tax burden–income, property, sales, etc.–in each state for the average income person.  Please note that average income is pretty low, if you make more than that you are getting hammered.  My wretched home state of Minnesota, run into the ground by Democrats for the last 16 years, is very high on the list, at 10%, not much below California or leader New York.  Meanwhile, Florida somehow gets by only taking 6.1% of the average person’s income.  Tennessee is at the same level, and Texas isn’t much higher.  I can testify personally that services in Florida are far better than in Minnesota–better roads, better schools, better overall infrastructure.  But then Florida doesn’t view government employees as just a source of funding for the Democrat party, so doesn’t add unnecessary workers or pay them excessively, as Minnesota does.  An upper-middle income family in Minnesota is likely paying 20% of their income in state and local taxes–we have extremely high property and sales taxes and taxes on everything you need to live.  In addition, our business pay the highest corporate tax rate in the entire country, which they then pass on in higher prices to consumers.  So there is a reason why we are losing both businesses and hard-working people who pay taxes to other states, including our neighbors, every one of which has a much lower state and local tax burden.  (WH Study) 

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  • David K says:

    We recently tried signing up for health ins – you know, via “The Affordable Care Act.” It would cost 25% of our monthly income and not pay anything until after an additional $8000.00 deductible. I’d rather be dead than poor, (again).

  • joseph d sabol says:

    Thanks for sharing this. Not to pile on, but MN also ranks near the bottom when it comes to taxation on retirement accounts. Its one of eleven states that taxes Pensions, Social Security, 401(k) & IRAs, and Dividend Income.

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