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Old 10-21-2018, 07:33 AM
 
Location: 912 feet above sea level
2,264 posts, read 1,488,938 times
Reputation: 12668

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Quote:
Originally Posted by Pilot1 View Post
Maybe vote out the politicians that have made MN a very high tax state? Hold the politicians accountable. Hmmm, wonder what party that is?
The same party that made Minnesota a state with...
*a nationally superior educational system (high graduation rate, high test scores, a high rate of college degrees)
*a state with excellent health-care infrastructure, resulting in a long-lived populace that is on average healthier than your average American
*a low crime state (it never fails to amaze me how many people will happily trade a markedly higher chance that their wife or daughter will be raped or murder by moving to a high-crime state, but they think it's totally worth the trade-off because the income tax rate is 2% less)
*a highly-diversified economy
*an average cost-of-living

And what is the result of all this? Businesses love doing business here. Again, all those Fortune 500 companies located here? The one that aren't hysterically fleeing? (which the finger-wagers incessantly lecture is is imminent - funny, it's been imminent now for decades).

Employers love Minnesota because they get an educated workforce. Because they can lure talent to Minnesota from other parts of the U.S. because of our high quality of life. These corporations are willing to pay Minnesotans more (because Minnesota is a high-wage state) because the end result is good for those businesses.

And the result is...
*economic opportunity
*economic growth
*a low unemployment rate
*high wages

Guess what? Voters are holding 'that party' accountable. There's a reason 'that party' has won every last statewide election since 2008. They don't look to places like Kansas and Mississippi with envy.

PS - I'll say it again, Minnesota's higher taxes and its substantially-higher-than-average incomes result in more money after taxes are paid than when someone in Florida or Texas pays a few percent less on their average income that lags $10k-$20k behind that of Minnesota. That's not an opinion, that's math (I guess there's always room for improving our educational system here in the land of 10,000 lakes, because some people clearly didn't pay attention in math class).
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Old 10-21-2018, 07:36 AM
 
Location: Morrison, CO
34,256 posts, read 18,624,274 times
Reputation: 25831
You don't need high taxes to have a positive economy. Government doesn't create jobs, nor generate wealth. I would say if MN has positives it is in spite of high taxes, and big government.
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Old 10-21-2018, 08:01 AM
 
Location: Minnysoda
10,659 posts, read 10,740,285 times
Reputation: 6745
Quote:
Originally Posted by Pilot1 View Post
Maybe vote out the politicians that have made MN a very high tax state? Hold the politicians accountable. Hmmm, wonder what party that is?
Unfortunately it won't happen. The Metro's and the Arrow Head have a strangle hold on the rest of the State.....The best we can hope for is to keep one or both the Houses. Keeping Power divided which is the same a power controlled.
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Old 10-21-2018, 08:05 AM
 
Location: Minnysoda
10,659 posts, read 10,740,285 times
Reputation: 6745
Quote:
Originally Posted by Pilot1 View Post
You don't need high taxes to have a positive economy. Government doesn't create jobs, nor generate wealth. I would say if MN has positives it is in spite of high taxes, and big government.
The top 3 employers in Minnesota are:
1, The Mayo Clinic
2, The State government
3, The Federal government

You don't think those Government employees are in favor of shrinking their employer do you


https://mn.gov/deed/business/locatin...-employers.jsp
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Old 10-21-2018, 05:18 PM
 
Location: WI/MN resident
512 posts, read 475,773 times
Reputation: 1389
Quote:
Originally Posted by Pilot1 View Post
Maybe vote out the politicians that have made MN a very high tax state? Hold the politicians accountable. Hmmm, wonder what party that is?
With the growth of the Twin Cities and its surrounding suburbs/exurbs trending [insert political party], I doubt the politics of the state will change anytime soon. The heavily rural parts of the state are also shrinking, which easily alters the electoral math of the state and gives the TC metro more voting power.
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Old 10-21-2018, 05:36 PM
 
Location: Twin Cities
5,831 posts, read 7,723,596 times
Reputation: 8867
Quote:
Originally Posted by InnovativeAmerican View Post
With the growth of the Twin Cities and its surrounding suburbs/exurbs trending [insert political party], I doubt the politics of the state will change anytime soon. The heavily rural parts of the state are also shrinking, which easily alters the electoral math of the state and gives the TC metro more voting power.
We’ll see.

https://www.nytimes.com/interactive/...ll-mn08-3.html
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Old 10-22-2018, 09:50 PM
 
Location: Nevada
2,072 posts, read 6,701,611 times
Reputation: 1242
On average how often do the taxes increase in Minnesota? I was considering a move to Rochester. Do the property taxes go up yearly? Income taxes as well?

Are there any programs for breaks on property taxes?

Thank you ��
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Old 10-23-2018, 06:35 AM
 
Location: Unhappy Valley, Oregon
1,083 posts, read 1,039,141 times
Reputation: 1941
Quote:
Originally Posted by Positiveone View Post
On average how often do the taxes increase in Minnesota? I was considering a move to Rochester. Do the property taxes go up yearly? Income taxes as well?

Are there any programs for breaks on property taxes?

Thank you ��
Property taxes increase at a normal rate as anywhere. MN has relatively decent property taxes and are by percentage generally lower than neighboring Wisconsin. There is a homestead exemption for those who solely live in their home to decrease his/her property taxes by $30,400 - 0.09(Assessed Value - $76,000).

http://www.revenue.state.mn.us/local...sment/hmve.pdf

Income taxes are pretty much locked in and are pretty high with the lowest rate at 5.35%.
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Old 10-23-2018, 09:20 AM
 
Location: New Mexico via Ohio via Indiana
1,801 posts, read 2,242,164 times
Reputation: 2950
Quote:
Originally Posted by Pilot1 View Post
You don't need high taxes to have a positive economy. Government doesn't create jobs, nor generate wealth. I would say if MN has positives it is in spite of high taxes, and big government.
I disagree, though I respect your opinion.
Remember when the Democrat/liberal vs. Republican/conservative argument was all about this? Taxes, big vs. small government, etc....
I miss those days. Made it much more easy to be bipartisan. Now everyone just yells and attacks, is hyper divided, and gets elected. On both sides.
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Old 10-23-2018, 09:34 AM
 
871 posts, read 1,090,226 times
Reputation: 1900
10 Highest Taxed States per Kiplingers (in no particular order)

Minnesota
Illinois
California
New York
Maine
Vermont
Connecticut
New Jersey
Maryland
Hawaii



10 Lowest Taxed States per Kiplingers (in no particular order)

North Dakota
South Dakota
Wyoming
Nevada
Arizona
Mississippi
Louisianna
Florida
Alaska
Delaware


List of 10 states with highest gdp per capita (low-taxed states above in red, high-taxed states above in blue; states on neither top 10 lists in black)

New York
Massachusetts
Delaware
Connecticut
North Dakota*
Alaska*

California
New Jersey

Wyoming*
Washington

List of 10 states with lowest gdp per capita (llow-taxed states above in red, high-taxed states above in blue; states on neither top 10 lists in black)

Mississippi
Idaho
West Virginia
Arkansas
Alabama
South Carolina
Arizona
Montana
Kentucky
Maine
New Mexico

List of the 20 states that appear in either top or bottom 10 highest taxed, in order of GDP per capita [low-taxed states above in red, high-taxed states above in blue]
New York
Delaware
Connecticut
North Dakota*
Alaska*
California
New Jersey

Wyoming*
Maryland
Illinois
Minnesota
Hawaii

South Dakota
Lousiana
Nevada

Vermont
Florida
Maine
Arizona
Mississippi


State GDP per capita source info here: https://en.wikipedia.org/wiki/List_o...GDP_per_capita


10 Most Federally Dependent States (per WalletHub) [low-taxed states above in red, high-taxed states above in blue]
https://wallethub.com/edu/states-mos...vernment/2700/

New Mexico
Kentucky
Mississippi
Alabama
West Virginia
South Carolina
Arizona
Alaska

Montana
Louisiana

10 Least Federally Dependent States (per Wallethub) [low-taxed states above in red, high-taxed states above in blue]

Virginia
Connecticut
Utah
Colorado
Minnesota
Massachusetts
New Jersey
Illinois

Kansas
Delaware

https://wallethub.com/edu/states-mos...vernment/2700/


Now, looking at the above lists, let's ask a couple questions-

*Does anyone seriously believe North Dakota. Wyoming or Alaska would be in the top 10 GDP per capita states if it were not for oil or mineral revenues? Why is it that the best low-tax economies are propped up by policy-unrelated natural resources? Is the low-tax model not really viable otherwise?

How about Arizona? It has one of the lowest tax rates but is one of the states that gets back so much more from the federal government than it pays in.


Lastly, let's look at Economic Mobility - https://www.citylab.com/life/2012/05...mobility/2089/

Eight states with consistently higher upward and lower downward mobility compared to the nation as a whole [low-taxed states above in red, high-taxed states above in blue]

New York
Massachusetts

Pennsylvania
Michigan
Connecticut
New Jersey
Maryland

Utah

Nine states with consistently lower upward and higher downward mobility compared to the nation as a whole [low-taxed states above in red, high-taxed states above in blue]

Louisiana
Oklahoma
South Carolina
Alabama
Florida
Kentucky
Mississippi
North Carolina
Texas

Further details on the data/study used by citylab - https://www.pewtrusts.org/-/media/le...ummary1pdf.pdf

Low-tax states pretty consistently fail at developing their citizens and creating an environment where they can thrive. Unfortunately, a lot of single-issue zealots are fixated on one single metric and lose the forest for the tree.
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