Updated:
Original:

Tax time list shows Minnesotans taxed at 6th-highest rate

Author:

As the deadline to Tax Day approaches, so does the focus on the amount of taxes we pay. WCCO reports that when all the taxes are added up and factored in, Minnesota has the sixth-highest tax rate in the country. The story cites 2011 numbers compiled by the U.S. Census Bureau to substantiate the claim.

Minnesota's lack of a tax on clothing is offset by the sales tax rate, which the station says is the nation's seventh-highest. Minnesotans also pay 28.5 cents in excise taxes for every gallon of gasoline, also the nation's seventh-highest such fuel tax.

Tim Myslajek, managing partner with accounting firm Myslajek, Kemp and Spencer, told the station higher taxes for those Minnesotans with higher incomes is another reason why the state is in the top tier.

“It can be skewed a little bit when you weigh out per capita what people pay,” Myslajek explained. “Taxes can be higher if your income is higher, but they can also be a lot lower if your income is lower.”

The Wall Street Journal noted that, on average, Americans paid 9.8 percent of their income in state and local taxes, on top of taxes collected by the federal government. The number in Minnesota is 10.7 percent.

There's been much discussion of late that compares the economic policies of Minnesota and neighboring Wisconsin. The Census Bureau statistics indicate that Wisconsin ranks as the fifth-highest taxed state in the nation.

Meanwhile, Bloomberg says statistics released Wednesday by the Census Bureau indicate U.S. states took in 6.1 percent more revenue in fiscal 2013 than they did the year before, accumulating a record $846.2 billion. The statistics provide information to policy analysts, the municipal finance industry, economic forecasters, and others about the fiscal health of state governments and the services they provide. Revenue statistics are broken down into 25 subcategories that cover collection on items such as motor fuel taxes, amusements taxes and hunting license taxes.

Revenue increased in all states but Alaska and Wyoming. The largest percentage increases was in North Dakota, where total tax revenues jumped to 27.8 percent. North Dakota also topped the list of states with the largest percentage increase in tax revenue from general sales taxes at 13 percent and the largest percentage increase in tax revenue from individual income taxes at 48.4 percent.

You can read highlights from the 2013 Annual Survey of State Government Tax Collections here.

Next Up

dave chappelle

Dave Chappelle to perform at Target Center in Minneapolis

The comedian is screen his new documentary at part of the 10-city tour.

Screen Shot 2021-10-25 at 7.06.08 AM

U.S. soccer hero Megan Rapinoe signs her mural at St. Paul bar

Rapinoe paid a visit to The Black Hart ahead of a match at Allianz Field Tuesday.

hospital, emergency room

1 dead after married couple crash UTV in southern Minnesota

The crash happened just after 11 p.m. Saturday.

hmong college prep academy

St. Paul school superintendent offers to quit after $4.3M lost in hedge fund

The Office of the State Auditor recently released its investigative report on the school.

ambulance

2 women die from injuries suffered in October 19 Hopkins crash

Both victims died at Hennepin Healthcare on Oct. 21.

Dean Evason

Wild fall flat against Predators, lose first game of season

The Wild couldn't stay out of the penalty box in a 5-2 loss.

Screen Shot 2021-10-24 at 10.11.36 AM

Search for Wisconsin woman whose vehicle was found near Hinckley

Ashley L. Miller, 33, was reported missing on Sep. 24 after her vehicle was found without her in it.

Dak Prescott

Report: Dak Prescott will be 'ready to go' for matchup with Vikings

The Dallas quarterback is expected to be available for next Sunday's showdown.

Eddie Rosario

Where Eddie Rosario's championship series heroics rank since 2000

The former Twin put together an all-timer to help the Braves reach the World Series.

plane, Piper PA-32

2 dead after plane crashes near residence in rural Wisconsin

The aircraft also struck the house during the crash.

Screen Shot 2021-10-23 at 9.38.43 PM

1 dead after van crashes and lands on Highway 100 in Brooklyn Center

Northbound Highway 100 was shut down following the crash Saturday night.

Related