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…
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…
Time to Eliminate Minnesota’s Estate Tax
You gotta hand it to them…the Center of the American Experiment just continues to do amazing work. Please, if you haven’t already done so, contact the Center for a print copy of Peter Nelson’s Minnesotans on the Move to Lower Tax States 2016. This 20 page monograph, IRS data-based shows you how Minnesota is losing Read More…
It’s Time for Action… Repeal the Edina Tax Bracket and Estate/Gift Tax Retroactively for the 2015 Tax Year. Yes, Retroactively Repeal Both!!!
Open Letter to the Governor, Minnesota Legislature and Concerned Minnesotans: It’s Time for Action… Repeal the Edina Tax Bracket and Estate/Gift Tax Retroactively for the 2015 Tax Year. Yes, Retroactively Repeal Both!!! New IRS tax data methodology is speeding up the process of understanding what is really happening to Minnesota in terms of losing taxpaying Read More…
