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Minnesota's New Tax Rate: 9.7%
Star Tribune ^ | Last update: March 31, 2007 | By Patricia Lopez

Posted on 03/31/2007 1:36:32 PM PDT by Son House

On a 35-29 vote, the Minnesota Senate gave preliminary approval this morning to a nearly $1 billion income tax increase that would boost taxes

Seven DFL senators, mostly from swing districts, joined Republicans in opposing the bill, saying that the proposed new top tax rate of 9.7 percent was just a little too rich.

“We’re pushing it (tax increases) a little hard this year,” said Sen. John Doll, DFL-Burnsville, who replaced a Republican in last fall’s elections. “I do have lots of folks who would be affected by this and it puts an extra burden on them.”

Senate Majority Leader Larry Pogemiller, DFL-Minneapolis, called the bill an “investment in the future bill,” because it would provide for sizeable increases in funding for K-12, preschool and higher education and property tax relief.

The bill would create a top income tax rate that would kick in at federally adjusted gross incomes of $250,000 for couples and $141,250 for singles. Income below those thresholds would continue to pay the existing three rates for Minnesota income tax.

Acknowledging the bill’s controversial nature — Republicans spoke for nearly two hours against it this morning — Pogemiller said that years of recession and budget cuts had brought the state to a crossroads.

“Will this generation pay the price?” he asked during Senate debate. “Will we do the hard thing? Will we talk to Minnesotans honestly about what the real choices are for our children?”

Republicans have called the bill a job-killer and said it would drive the wealthiest residents out of the state.

House DFLers have a similar income tax proposal pending although their top rate is only 9 percent and is designed to fall mostly on incomes above $1 million.

Republican Gov. Tim Pawlenty has pledged to veto any income tax increase.

(Excerpt) Read more at startribune.com ...


TOPICS: Government; News/Current Events; Politics/Elections; US: Minnesota
KEYWORDS: dfl; doitforthechildren; income; minnesota; mn; tax
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To: Son House

Even back in the 60s (I grew up in MN and stayed through college at the U) I remember my dad complaining about us being "The Land of 10,000 Taxes."


21 posted on 03/31/2007 2:19:09 PM PDT by DeweyCA
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To: Son House

This is a job killer. I may well decide to move my business to Texas. Doing business in this state is one big PITA anyway.


22 posted on 03/31/2007 2:21:08 PM PDT by Fred Hayek (Liberalism is a mental disorder)
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To: DeweyCA

"The Land of 10,000 Taxes."

Yep, heard that many times too.


23 posted on 03/31/2007 2:22:10 PM PDT by Son House ( The Presidents enemies, are my enemies.)
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To: Beagle8U

close - the L is for Leninist.


24 posted on 03/31/2007 2:23:06 PM PDT by Fred Hayek (Liberalism is a mental disorder)
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To: Son House
We’re pushing it (tax increases) a little hard this year,” said Sen. John Doll, DFL-Burnsville, who replaced a Republican in last fall’s elections. “I do have lots of folks who would be affected by this and it puts an extra burden on them.”

Yes, calling the moving company to schedule the one-way trip to Nevada or Arizona is burdensome - but only for a short time. ;)

25 posted on 03/31/2007 2:23:09 PM PDT by Mr. Jeeves ("Wise men don't need to debate; men who need to debate are not wise." -- Tao Te Ching)
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To: Uncle Hal

More taxes on the way in this DEMOCRAT transportation bill:

The Senate tax bill would:

Increase the gasoline tax from 20 cents to 30 cents on July 1 and in just two years, the tax would be tied to inflation.

Impose a half-cent increase on the general sales tax in Anoka, Carver, Dakota, Hennepin, Ramsey, Scott and Washington counties while giving counties outside the seven-county area the option to extend the half-cent sales-tax increase to themselves.

Impose a $20 excise tax on new vehicles in the seven-county metro area.

Remove caps on vehicle registration fees, which are now $189 for the first renewal and $99 for subsequent ones.
Allow counties to increase a wheelage tax on vehicles from $5 to $20.

The bill also authorizes the state to borrow $200 million a year over the next decade for roadwork and to repay it with a gas-tax surcharge.


26 posted on 03/31/2007 2:24:50 PM PDT by WBL 1952
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To: Son House
I like how they use the education excuse to raise taxes. Like I want to pay for state educators and bloated administration to get bigger benefits.
As if 8K per student in the state weren't enough money.
27 posted on 03/31/2007 2:32:59 PM PDT by miliantnutcase ("If it moves, tax it. If it keeps moving, regulate it. If it stops moving, subsidize it." -ichabod1)
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To: WBL 1952

wow they can really spend the bucks up there can't they?


28 posted on 03/31/2007 2:38:35 PM PDT by nascarnation
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To: Mr. Jeeves

Skip Arizona....go right to Nevada. It's getting plenty bad. I'm planning my next move.


29 posted on 03/31/2007 2:39:20 PM PDT by Hildy
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To: miliantnutcase

That's a fair assessment. The exurbs in Minnesota are growing like weeds (or at least they were until the housing market bump recently), and that's heavy GOP territory. Unfortunately, St. Paul and Minneapolis along with Duluth/Iron Range area are so hardcore leftist that it's difficult to say exactly how the state is trending. Pubs got clobbered here in '06, no doubt. Hopefully, '08 will start to bring things more into balance.


30 posted on 03/31/2007 2:43:41 PM PDT by Gunder
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To: Son House
"Its all for the children." That's enough to justify an eternally expanding government.

"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus

31 posted on 03/31/2007 2:46:47 PM PDT by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
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To: DeweyCA
Even back in the 60s (I grew up in MN and stayed through college at the U) I remember my dad complaining about us being "The Land of 10,000 Taxes."

"The Great Red North"; "Land of 10,000 Flakes"; on and on...

32 posted on 03/31/2007 2:54:04 PM PDT by who knows what evil? (G-d saved more animals than people on the ark...www.siameserescue.org.)
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To: Son House

A lot of millionares will be headed toward the borders.


33 posted on 03/31/2007 3:18:45 PM PDT by Always Right
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To: Son House
"....gave preliminary approval this morning to a nearly $1 billion income tax increase that would boost taxes."

What incredible journalism, absolutely brilliant.

34 posted on 03/31/2007 3:26:37 PM PDT by theymakemesick (Under sharia law, bacon will be illegal in Americistan, reason enough to keep islam out of America)
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To: Son House

Posted earlier today. Yawn.


35 posted on 03/31/2007 3:34:43 PM PDT by Jacquerie (US v Libby. America's first show trial.)
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To: MplsSteve

ping


36 posted on 03/31/2007 4:05:01 PM PDT by definitelynotaliberal
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To: Son House
Senate Majority Leader Larry Pogemiller, DFL-Minneapolis, called the bill an “investment in the future bill,” because it would provide for sizeable increases in funding for K-12, preschool and higher education and property tax relief.

Well then,
since it's for the CHILDREN then nobody can argue with it!

DemocRATS are so full of BS.

37 posted on 03/31/2007 4:24:58 PM PDT by MaxMax (God Bless America)
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To: Son House

Gov't kicking people in the nuts! Minnisotan's taking the nut shot and saying, "Thank you sir, may I have another!" Sad state of affairs.


38 posted on 03/31/2007 4:42:20 PM PDT by vpintheak (Like a muddied spring or a polluted well is a righteous man who gives way to the wicked)
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To: Son House
Republican Gov. Tim Pawlenty has pledged to veto any income tax increase.

Sounds like this shameless Democrat class wrfare charade is DOA.

39 posted on 03/31/2007 4:47:40 PM PDT by Lancey Howard
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To: Son House

Dems take over a state. They spend like drunken fools. Then raise taxes "for the chillen"! And further decimate the state. Road to ruin.


40 posted on 03/31/2007 4:51:27 PM PDT by lawdude (2006: The elections we will live to die for!)
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