South Dakota pays no income tax. They are right next door.
True, but if your income is generated in Minnesota, you will still pay Minnesota state income taxes on your Minnesota income. Any interest earned in Minnesota, any capital gains in Minnesota, are all taxed at Minnesota rates. The only way you get out of it is if you have no Minnesota generated income.
True, but if your income is generated in Minnesota, you will still pay Minnesota state income taxes on your Minnesota income. Any interest earned in Minnesota, any capital gains in Minnesota, are all taxed at Minnesota rates. The only way you get out of it is if you have no Minnesota generated income.