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Median household income and taxes State Tax Burdens 2022 % of income. State tax levels indicate both the tax burden and the services a state can afford to provide residents. States use a different combination of sales, income, excise taxes, and user fees. Some are levied directly from residents and others are levied indirectly. This table ...
As of 2008 Minnesota was ranked 12th in the nation in per capita total state and local taxes. [123] In 2008 Minnesotans paid 10.2% of their income in state and local taxes; the U.S. average was 9.7%. [123] The state sales tax in Minnesota is 6.875%, but clothing, prescription drug medications and food items for home consumption are exempt. [124]
The demographics of Minnesota are tracked by the United States Census Bureau, with additional data gathered by the Minnesota State Demographic Center. [2] [3] According to the most recent estimates, Minnesota's population as of 2020 was approximately 5.7 million, making it the 22nd most populous state in the United States. [4]
Where you live plays a major role in how much you'll pay in state income taxes. Some states, like Alaska and Florida, don't levy individual income tax at all. ... Minnesota. Single Filer Tax Rates ...
Minnesota’s state income tax calculations are more complex than those of other states. The North Star State has four tax brackets, adding anywhere between 5.35% to 9.85% in taxes to your bill.
And sometimes a state’s tax brackets are as easy as 1, 2, 3, like Montana, where the first five tax brackets are 1 percent, 2 percent, 3 percent, 4 percent and 5 percent. ... Minnesota. 5.35% ...
Minnesota is the tenth richest state in the United States of America, with a per capita income of $23,198 (2000). Minnesota Counties Ranked by Per Capita Income
Minnesota officials discovered an error in a $3 billion tax cut bill lawmakers passed this spring that could cost taxpayers $352 million over the next two years, but ...