Minnesota #6 most taxed state
Most Taxed States
Comment: Other highly taxed states: Hawaii (#1), Connecticut (# 2), Vermont (# 3), New York (# 4), Arkansas (# 5), Minnesota (# 6) , New Jersey (# 7), California (# 8), Massachusetts (# 9), Maryland (# 10)
It appears that it's simply a discussion of total dollars per person who actually pays taxes--not normalized by income and so on. I would have expected Forbes to do better method than this.
ReplyDeletePut differently, if I have a given income level and the choice of living here or there, overall taxation doesn't matter as much as the tax rate to me. I also wonder how they determine who is a taxpayer. In my mind, anyone who pays sales tax on a candy bar (everybody pretty much) is a taxpayer. In Forbes' view, I'm not sure.
Bert: good comment and I appreciate it.
ReplyDeleteConsider the property taxes per taxpayer of $ 299.51. That amount seems very low from our own personal experience living in Hennepin County. Our own property taxes are almost $ 5,500 (its a public database so if you knew my address you could look it up).
A comparable home in Eastern Tennessee (where Kathee and I are thinking of retiring) would probably have a property tax of less than half of that.
And no income tax, either, if I remember correctly, and gorgeous, too. And good BBQ.....you just might get some visitors! :^)
ReplyDeleteNo argument with the fact that Minnesota is overtaxed, of course. I just wish Forbes had put things into better perspective; one would figure that a magazine run by businessmen for businessmen would have chosen metrics that translate better into cost of employing a person.
That's not just a comparable home in Tennessee, Jim. Tax rates vary so widely be county it's pretty incredible. My parents have over 3 acres in Anoka County and pay less in property taxes than I was on the 0.7 acre lot I used to own in Brooklyn Center. When/if I move back to the Twin Cities area, Hennepin County will be among the last places I'll look for a house for that reason alone.
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