Gov. Dayton’s 2016 tax proposal focuses on everyday Minnesotans through Working Family Credit, Child & Dependent Care Credit
from Minnesota Budget Bites by Nan Madden
In the tax portion of his supplemental budget proposal released today, Governor Mark Dayton continues to prioritize sustainable tax choices that move Minnesota toward a tax system that is more equitable across income levels. It is especially focused on supporting the work efforts of middle-class Minnesotans and those working their way into the middle class through expansions of the Working Family Credit and the Child and Dependent Care Tax Credit.
from Fiscal Fitness, the blog of the Minnesota Center for Fiscal Excellence by Mark Haveman
A recently released report by the Center for the American Experiment has triggered another firestorm about tax induced migration out of Minnesota. The Center concludes Minnesota has lost nearly $8 billion in household income to other states over the past dozen years due to our tax policies. Critics have dismissed the study as a misuse or misinterpretation of IRS data.
As we understand this IRS database, it only measures income before migration, not afterward. This presents a challenge attempting to assess income movement between states. If say someone leaves a $100,000 year job in Minnesota and moves to Florida, the IRS reports Minnesota losing $100,000 —with Florida presumably gaining that income. But if that person has retired with $50,000 in retirement income, both Minnesota’s loss and Florida’s gain are overstated by 50%. Plus, as critics of the report have noted, that Minnesota-based job is still there – presumably filled by a Minnesotan (current or new) – and so the income hasn’t really “moved” at all.
from Stubble by Tom Johnson
Stubble: Walk me through the tournament, what brought you to this place.
Uncle Ron: Well, of course we’ve been invited in years before and they invited back again this time.
Peter: You play the game one hand at a time, and God willing you get the cards that you want, and you have to rely on your partner and… whatever string of cliches you can come up with.
from My Northern Garden by Mary Schier
Sunday (March 13) I noticed this little Iris reticulata blooming in my front garden. This plant is often the first one to bloom in my Minnesota garden, and 2016 is the earliest ever for it to bloom.
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