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Saturday, March 31, 2007

Minnesota Senate Votes for Country's Highest Income Tax Rate -- 9.7%

The Minnesota Senate today voted to raise the state's top tax bracket to 9.7% (from the current 7.85%) on incomes in excess of $250,000 ($141,250 for single taxpayers), which would be the highest income rate in the country (topping Vermont's 9.5% and California's 9.3% (which has also has a 1% surtax on incomes over $1 million),

http://taxprof.typepad.com/taxprof_blog/2007/03/minnesota_senat.html

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» Minnesota Tries for Number 1! from Taxable Talk
Congratulations to Minnesota! No, they're not in basketball's Final Four. Rather, Minnesota's State Senate passed a bill on Saturday to increase the top tax bracket in the state to 9.7%, the highest regular tax bracket in the country. You would nee... [Read More]

Tracked on Apr 1, 2007 7:47:24 PM

» MINNESOTA TRIES TO OUT-STUPID IOWA from Roth & Company, P.C.
The Iowa General Assembly has been setting a standard for bad legislation, passing out special tax breaks at a furious... [Read More]

Tracked on Apr 2, 2007 5:12:23 AM

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