Posted on 02/01/2013 3:39:49 PM PST by rhema
Spend most of the year in St. Pete, pay the government in St. Paul.
You may have heard it can get cold in Minnesota in January, or for that matter in April. Last week the temperature dropped to seven below zero in the Twin Cities, which is one reason many Midwesterners head to Florida or Arizona for the winter. But now Governor Mark Dayton wants to tax the snowbirds even if they are no longer legally state residents.
"There is a snowbird tax—absolutely," the Democratic Governor told reporters the other day. . . .
Details are sketchy, but the idea is to tax these nonresidents on their income from stocks, bonds, capital gains and dividends if they spend at least 60 days in Minnesota a year. Income earned in the state is already taxed regardless of residence status, but many retirees or vacationers own a home in the state and live there only for the summer.
The new tax would hit income not earned in Minnesota by those who don't currently spend the requisite six months and a day in the state to qualify as a taxable resident. So, for example, if you returned to the land of 10,000 taxes only for July and August, you'd suddenly have to pay the taxman in St. Paul on dividend checks sent to your main residence in St. Pete.
[ . . . ]
But then as the Governor's line about "unfairnesses" attests, raising revenue isn't the point of this exercise. The goal is to punish people for the sin of being able to afford to travel south for the winter.
(Excerpt) Read more at online.wsj.com ...
Does this idiot realize they will just stay in the low tax states they run to in the winter depriving him of ALL tax revenue they might have given the state while living here? I didn’t think so.
If there is more than rumblings about this people will divest themselves of those funds and move it to something else before the grab can happen.
idiots all of them in DC.
Better there than here (Sorry Florida) maybe if they left and hauled their sorry voting patterns with um we could fix the problems in Minnesota.
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