Minnesota Tax Reform: Poorly Designed??
According to the Tax Foundation, the Minnesota Governor has proposed poorly designed tax reform.
Minnesota Governor Mark Dayton (D) recently proposed his 2014-2015 biennial budget, which includes $2.1 billion in revenue increases. Included are increased income taxes on high-income earners, an expansion of the sales tax base, and a steep hike in cigarette excise taxes.
Go the Tax Foundation article for all of the details.
Brian Strahle is the owner of LEVERAGE SALT, LLC where he provides state and local tax technical services to accounting firms, law firms and tax research organizations across the United States. He also writes a weekly column in Tax Analysts State Tax Notes entitled, "The SALT Effect." For more info, visit his website: www.leveragestateandlocaltax.com
You can reach Brian at firstname.lastname@example.org.
Because state and local taxes are deceptively simple and endlessly complicated.