Minnesota
In Minnesota 46.6 Percent of Trump’s Proposed Tax Cuts Go to People Making More than $1 Million
• By ITEP Staff
A tiny fraction of the Minnesota population (0.7 percent) earns more than $1 million annually. But this elite group would receive 46.6 percent of the tax cuts that go to Minnesota residents under the tax proposals from the Trump administration. A much larger group, 36.9 percent of the state, earns less than $45,000, but would receive just 5.0 percent of the tax cuts.
Nearly Half of Trump’s Proposed Tax Cuts Go to People Making More than $1 Million Annually
• By ITEP Staff
A tiny fraction of the U.S. population (one-half of one percent) earns more than $1 million annually. But in 2018 this elite group would receive 48.8 percent of the tax cuts proposed by the Trump administration. A much larger group, 44.6 percent of Americans, earn less than $45,000, but would receive just 4.4 percent of the tax cuts.
Trump Touts Tax Cuts for the Wealthy as a Plan for Working People
• By Steve Wamhoff
Unless the administration takes a radically different direction on tax reform from what it has already proposed, its tax plan would be a monumental giveaway to the top 1 percent. The wealthiest one percent of households would receive 61 percent of all the Trump tax breaks, and would receive an average of $145,400 in 2018 alone.
Trump Tax Proposals Would Provide Richest One Percent in Minnesota with 50.8 Percent of the State’s Tax Cuts
• By ITEP Staff
Earlier this year, the Trump administration released some broadly outlined proposals to overhaul the federal tax code. Households in Minnesota would not benefit equally from these proposals. The richest one percent of the state’s taxpayers are projected to make an average income of $2,589,800 in 2018. They would receive 50.8 percent of the tax cuts that go to Minnesota’s residents and would enjoy an average cut of $120,420 in 2018 alone.
Trump’s $4.8 Trillion Tax Proposals Would Not Benefit All States or Taxpayers Equally
• By Matthew Gardner, Steve Wamhoff
The broadly outlined tax proposals released by the Trump administration would not benefit all taxpayers equally and they would not benefit all states equally either. Several states would receive a share of the total resulting tax cuts that is less than their share of the U.S. population. Of the dozen states receiving the least by this measure, seven are in the South. The others are New Mexico, Oregon, Maine, Idaho and Hawaii.
Minnesota Budget Project: DACA recipients make important tax contributions to Minnesota
• By ITEP Staff
Minnesota’s Deferred Action for Childhood Arrival (DACA) recipients pay an estimated $15 million in state and local taxes, according to a report from the Institute on Taxation and Economic Policy (ITEP). They are contributing to our communities and our economy, and the report shows they would contribute even more if given the opportunity to apply […]
Explaining our Analysis of Washington State’s Highly Regressive Tax Code
• By Carl Davis
Supporters of creating a local personal income tax in Seattle are rightly concerned about the lopsided nature of their state’s tax code. In a 50-state study titled Who Pays?, produced using our microsimulation tax model, we found that Washington State’s tax system is the most regressive in the nation.
State Rundown 5/31: Budget Woes Spurring Special Legislative Sessions
• By ITEP Staff
This week, special legislative sessions featuring tax and budget debates are underway or in the works in Kentucky, Minnesota, New Mexico, and West Virginia, as lawmakers are also running up against regular session deadlines in Illinois, Kansas, and Oklahoma. Meanwhile, a legislative study in Wyoming and an independent analysis in New Jersey are both calling for tax increases to overcome budget shortfalls.
State Rundown 5/24: Several States Scramble to Finalize Budgets
• By ITEP Staff
This week, Kansas lawmakers continued work on fixing the fiscal mess created by tax cuts in recent years, as legislators in Louisiana, Minnesota, Oklahoma, and West Virginia attempted to wrap up difficult budget negotiations before their sessions come to an end, and Delaware lawmakers advanced a corporate tax increase as one piece of a plan to close that state's budget shortfall. Our "what we're reading" section this week is also packed with articles about state…
State Rundown 5/18: Tax Debate Heat Wave Hitting States
• By Meg Wiehe
This week saw tax debates heat up in many states. Late-session discovered revenue shortfalls, for example, are creating friction in Delaware, New Jersey, and Oklahoma, while special sessions featuring tax debates continue in Louisiana, New Mexico, and West Virginia. Meanwhile the effort to revive Alaska's personal income tax has cooled off.
The Minneapolis Star-Tribune: Tax the Rich? Done. Tax Fairness, Well …
April 29, 2017
A broader comparison of all state and local taxes comes from the Institute on Taxation and Economic Policy, a progressive Washington research group. It, too, ranks Minnesota’s tax system today among the country’s most progressive — or, as ITEP says, among the “least regressive.” “Virtually every state tax system is fundamentally unfair,” the report declares, […]
State Rundown 4/19: Alaska’s Long Income Tax Freeze May Be Thawing
• By ITEP Staff
This week Alaska‘s House advanced a historic bill to reinstate an income tax in the state, Oklahoma‘s House voted to cancel a misguided tax cut “trigger,” West Virginia‘s governor colorfully vetoed his state’s budget, tax reform debate kicked off in Louisiana, and gas tax updates were considered in South Carolina and Tennessee, among other tax-related news […]
State Rundown 4/12: Season in Transition as Some States Close, Others Open Tax Debates
• By ITEP Staff
This week in state tax news we see Louisiana‘s session getting started, budgets passed in New York and West Virginia, Kansas lawmakers taking a rest after defeating a harmful flat tax proposal, and Nebraska legislators preparing for full debate on major tax cuts. Nevada lawmakers may make tax decisions related to tampons, diapers, marijuana, and […]
The Minneapolis Start-Trubine: The Tax Fairness Gap is gone
April 11, 2017
But if states can compete on tax fairness, Minnesota is positioned to do well. The national Institute on Taxation and Economic Policy ranked Minnesota the fifth-fairest state in the country in 2014 for taxing those at higher incomes at nearly the same effective rate as the poor. It praised Minnesota not only for raising its […]
Minnesota Post: Health of Twin Cities lakes at risk from salt
April 11, 2017
The national Institute on Taxation and Economic Policy ranked Minnesota the fifth-fairest state in the country in 2014 for taxing those at higher incomes at nearly the same effective rate as the poor.” Read more
Tax Justice Digest: Offshore Cash, Gas Tax and BAT
• By ITEP Staff
In the Tax Justice Digest we recap the latest reports, blog posts, and analyses from Citizens for Tax Justice and the Institute on Taxation and Economic Policy. Here’s a rundown of what we’ve been working on lately. Corporations Offshore Cash Hoard Grows to $2.6 Trillion U.S. corporations now hold a record $2.6 trillion offshore, a […]
State Rundown 3/29: More States Looking to Raise or Protect Revenues Amid Fiscal and Federal Uncertainty
• By ITEP Staff
This week we see West Virginia, Georgia, Minnesota, and Nebraska continue to deliberate regressive tax cut proposals, as the District of Columbia considers cancelling tax cut triggers it put in place in prior years, and lawmakers in Hawaii, Washington, Kansas, and Delaware ponder raising revenues to shore up their budgets. Meanwhile, gas tax debates continue […]
What to Watch in the States: State Earned Income Tax Credits (EITC) on the Move
• By Misha Hill
While every state’s tax system is regressive, meaning lower income people pay a higher tax rate than the rich, some states aim to improve tax fairness through a state Earned Income Tax Credit (EITC). Federal lawmakers established the in 1975 to bolster the earnings of low-wage workers, especially workers with children and offset some of […]
Minnesota Budget Project: Undocumented Immigrants Pay $83 Million in State Taxes, Would Pay More with Immigration Reform
• By ITEP Staff
Undocumented immigrants play a vital role in Minnesota’s economy and currently pay an estimated $83 million in state and local taxes, according to a new report from the Institute for Taxation and Economic Policy (ITEP). Under immigration reform that provides a path to legal status, ITEP estimates these contributions would substantially increase.
Undocumented Immigrants’ State & Local Tax Contributions
• By Lisa Christensen Gee, Meg Wiehe, Misha Hill
Public debates over federal immigration reform, specifically around undocumented immigrants, often suffer from insufficient and inaccurate information about the tax contributions of undocumented immigrants, particularly at the state level. The truth is that undocumented immigrants living in the United States paybillions of dollars each year in state and local taxes. Further, these tax contributions would increase significantly if all undocumented immigrants currently living in the United States were granted a pathway to citizenship as part…
Common Dreams: Taking on the Billionaires
February 22, 2017
The result has been to make state and local taxes, on the whole, regressive. The share of income paid by the poorest 20 percent is twice that of the richest 1 percent. Unsurprisingly, the disparity is widest in states without an income tax. The Institute on Taxation and Economic Policy reports that Washington’s working class […]
Alternet: It’s Time to Take America’s Billionaire Class Head on
February 3, 2017
The result has been to make state and local taxes, on the whole, regressive. The share of income paid by the poorest 20 percent is twice that of the richest 1 percent. Unsurprisingly, the disparity is widest in states without an income tax. The Institute on Taxation and Economic Policy reports that Washington’s working class […]
What to Watch in the States: Gas Tax Hikes and Swaps
• By Carl Davis
This is the second installment of our six part series on 2017 state tax trends. The introduction to this series is available here. State tax policy can be a divisive issue, but no area has generated more agreement among lawmakers across the country than the need to raise new revenues to fund infrastructure improvements. The […]
State Rundown 2/1: 2017 State Tax Debates Getting Real
• By ITEP Staff
This week’s Rundown brings news of tax cuts passed in Arkansas and advanced in Idaho, proposals to exempt feminine hygiene products from sales taxes in Nevada and Michigan, revenue shortfalls forcing tough choices in Louisiana and Maine, and more governors’ state of the state addresses and budget proposals setting the stage for yet more tax […]
State Tax & Revenue Information
• By ITEP Staff
Below is a list of notable resources for information on state taxes and revenues: Alabama Alabama Department of Revenue Alabama Department of Finance – Executive Budget Office Alabama Department of Revenue – Tax Incentives for Industry Alabama Legislative Fiscal Office Alaska Alaska Department of Revenue – Tax Division Alaska Office of Management & Budget Alaska […]
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