Personal income

Between 2000 and 2017, increased transfer payments accounted for 48% of the increase in Minnesota's per capita personal income. This trend-also seen at the national level-is unsustainable.

Minnesotans have a higher level of personal income than Americans generally. But in recent years the main contributor to its increase has been rising transfer payments. And, odd as it…

Understanding the problems with Minnesota’s tax code first requires an understanding of the principles that should guide the state’s tax policy. Sound tax policy should promote three core principles...