A bit back, we suggested the best option would be to eliminate the 2013, twenty-five (25%) personal income tax increase to 9.85% and get rid of our estate tax. Then we put forth the thought to increase the estate tax exemption to not less than the federal estate tax exemption. Now we wish to elaborate Read More…
Archives for December 2021
Estate/Inheritance Tax Comparisons, A Challenge to the Minnesota Legislature
A few days ago we ran a comparison of the neighboring states’ personal income taxes. Now, we’ll add estate taxes to the mix. The real solution, of course for Minnesota’s top standing in taxes, is to lop off the 2013 9.85% bracket and eliminate our estate tax. Here’s our 2021 data. Source: Tax Foundation/Bloomberg. State Read More…
