This is interesting. With all of the talk we are hearing of taxes in the senate and house, we should all read this:
Minnesota’s income tax ranks fourth in the nation, with Oregon having the highest income tax. With state and local taxes combined, Minnesota ranks eighth. New York is the highest.
For corporate income taxes, Minnesota ranks number 12 in the country. Alaska has the highest rate.
New Hampshire has the highest property taxes, while Minnesota ranks 37th.
As for the smaller, out-of-pocket taxes, Minnesota’s 20-cent-a-gallon gas tax ranks 27th in the country. New York’s is the highest.
The motor vehicle tax in Minnesota is the 10th highest, while Montana makes the top of that list.
The sales tax in Minnesota ranks 21st. Hawaii has the highest sales tax in the nation.
Here’s the REALITY. Everybody has their own statistics and here are ours. Averaging all of Minnesota’s important tax rankings, Reality Check finds Minnesota is 18th among the 50 states — at the high end of the middle.
Courtesy of WCCO