Tag: taxes
Taxpayers could experience major refund delays this year from backlogged IRS
(The Center Square) — Americans around the country will begin filing their income taxes as the filing period opened last week, but many could...
Study: Minnesota marriage penalty ‘hurts families and businesses’
(The Center Square) — A new report released Wednesday lists the states with a marriage penalty on citizens’ income taxes.
The Tax Foundation, a non-partisan policy think...
Minnesota liquor taxes fourteenth-highest in nation
(The Center Square) — The amount of money charged for liquor nationwide varies widely state-by-state, and federal and Minnesota alcohol taxes push the price...
Commentary: What is the politician’s ‘fair share’ of someone’s income?
Even with a forecast budget surplus of $1.6 billion for the 2022-2023 biennium and $4.6 billion coming from the federal government in the latest...
Walz revises budget, drops some proposed tax hikes
(The Center Square) — After a $1.6 billion projected budget surplus and $2.6 billion on the way from the federal government, Gov. Tim Walz proposed a revised budget for the...
Gazelka says no tax increases after federal stimulus set to give...
(The Center Square) — After a $1.6 billion projected state surplus and nearly $5 billion expected from the newest stimulus package, Minnesota Senate Majority Leader Paul...
Minnesota ranks 46th in annual tax climate ranking
(The Center Square) — Minnesota finished 46th in a new study by the Tax Foundation showing which states are best at structuring their tax...
January tax collections nearly $300 million more than expected, paving way...
(The Center Square) – Gov. Tim Walz said this week that January tax collections will be “substantially higher” than expected, improving a previously projected...
Walz’s budget would tax all profitable companies, not just the ‘large’...
(The Center Square) – When Gov. Tim Walz announced $1.63 billion in tax hikes to fuel his $52.4 billion proposed budget, he characterized the...
Forgiveable PPP business loans will be taxed by Minnesota
(The Center Square) – Minnesota businesses can accept their forgiven pandemic loans without worrying about paying federal taxes, but the state taxman is a...