Minnesota ranks 43rd on the Tax Foundation's State Business Tax Climate index, up three places from last year. This is a step in the right direction. But there is still…
This afternoon, Center President John Hinderaker testified in front of the Joint Economic Committee of Congress in Washington D.C. on the impact of the Tax Cuts and Jobs Act on…
A recent paper from the Federal Reserve shows that we can expect states with high corporate tax rates to perform poorly on entrepreneurship. Minnesota has high corporate tax rates and…
Minnesota beer retailers are taxed $0.15 per gallon and then an alcohol-specific sales tax of 9 percent.
Minnesota ranks 8th nationally for its reliance on individual income taxes as a source of state and local tax revenues. But this source of revenue - compared to sales and…
Last week, the Supreme Court handed down its much anticipated decision in the case of South Dakota v. Wayfair. It might sound dull, but it will have a big impact in Minnesota.…
Next year Minnesotans will have to fill out a 2018 federal income tax form, a Minnesota-only tax form based on the old federal tax code, and a Minnesota tax form.…
It is no secret that Minnesota is one of the most highly taxed states in the union and that applies to excise taxes. New data from the Tax Foundation shows that, in fiscal year…
It is no secret that Minnesota is one of the most highly taxed states in the union. We are one of the 43 states to have its own income tax,…
Tax something more you get less of that something. Policymakers have long applied this logic to things they want to discourage like smoking and drinking, so why don't they apply…
The Senate Republicans have released their tax bill and, like the bill that passed the House on Monday, it proposes cuts in lower income tax rates. While it leaves higher…
The majority of the consequences of any act are unintended. When appraising a policy, we must look at the unintended consequences, not just the intended ones.
Minnesota's tax climate is bad for business. Happily, two bills, from either side of the aisle, look to help that.
Recognizing that they likely cost tax revenue, states have been reducing or eliminating their estate taxes in recent years. The increase in the federal exemption in the Tax Cuts and…
With revenue base broadening on the way thanks to the federal tax bill, Minnesota's tax rates will have to come down if our state's residents are not to be hit…
Minnesota's corporate tax rate is the third highest in the United States. For the sake of future economic growth, we should hope that Rep. Joe McDonald's bill proposing a modest…
Governor Mark Dayton recently unveiled his proposal for Minnesota's state budget. On Wednesday, Morgan Scarboro of the Tax Foundation gave her take on it.
The federal tax bill provides states with an additional revenue buffer and an incentive to compete for additional domestic investment expected under the new law. States are already adjusting their tax…
Minnesota is one of only eight states to have an Alternative Minimum Tax for its corporations. This is more hassle than it worth and we recommended its repeal in our…
Minnesota's policymakers use high tax rates on cigarettes to discourage smoking. Won't the high tax rates they levy on labor discourage work?
The Republicans in Washington D.C. have passed the biggest overhaul of the federal tax code since Huey Lewis and the News were top of the Billboard Hot 100 with Stuck…
Minnesota scores a low rank for economic freedom. Its high tax burden is to blame.
Minnesota needs productive workers. Evidence suggests that, over the last few years, we have been losing them. This is not good for our state's economy. Assuming that our high personal…
Minnesota's budget is projected to be in deficit in 2018/2019 and 2020/2021. But tax cuts in St. Paul are not to blame. For one thing, there haven't been any.