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there is no truth that the middle class pay a higher percent of their income on minnesota taxes than the wealthy. the study that shows that is seriously flawed. but even if it were true, it would only be because the wealthy spend less money as a percent of their income than the middle class does - and hence avoids the strictly voluntary taxes such as sales tax, cigarette tax, and lottery tax.... they also spend less of their income on property tax, because they choose to spend less of...
Hey Will, I looked at the link to the info on who pays how much tax. I have a question. How is it possible that the lowest decile of minnesotans pay 6.5 percent of their income on sales tax, when the minnesota sales tax rate is around 7 percent. Is it possible that almost every single thing they buy is subject to sales tax? Dont they buy clothes? Food? What about all the property taxes they spend money on - there's no sales tax on that! Something doesn't add up.
The notion that raising taxes on the the top 1/2 of 1 percent of Minnesotans, those rare 7200 people who make $1 million or more is somewhat naive. Those are the most mobile Minnesotans. They already have homes in New York, Palm Beach, Naples, Scottsdale and/or Palm Springs. Most are NOT CEOs or trial lawyers, slaves to their high paying jobs. They are free to travel, free to live anywhere. Many are already retired, living off of huge pensions and investment accounts. If 3 percent...