Gov. Dayton Proposes a Tax Overhaul: What Do You Think?
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Gov. Mark Dayton this week unveiled a proposed state budget and tax plan that would, among other things, lower Minnesota's sales tax from 6.875 percent to 5.5 percent but broaden it to cover more items such as higher-priced clothing, car repairs and other services. In his quest to avoid a projected $1.1 billion revenue shortfall, Dayton said his plan also includes raising the income on some groups of taxpayers (such as the state's 2 percent of highest-income earners). He is proposing to reduce property taxes and cut the corporate tax rate on businesses. (To see a Patch story and UpTake video of Dayton's speech, click on this link.) Bottom line: The governor said he wants to provide property tax relief, boost funding for K-12 education, …
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John
5:27 pm on Tuesday, January 29, 2013
The aspect I find especially difficult is figuring out how much money is simply redistributed. A hundred years ago, very little money was redistributed by the government. Pull out the money that the government gives right back to its citizens and I think the actual "spending" would remain pretty constant. more ›