Monday , June 18 2018
Breaking News
Home / International Customs / US / Minnesota has 11th highest tax burden in U.S.
Minnesota has 11th highest tax burden in U.S.

Minnesota has 11th highest tax burden in U.S.

WASHINGTON: U.S. in fiscal 2016, according to a recent  produced Key Policy Data (KPD), a joint venture between Public Choice Analytics and Visigov.

The report relies on an income-based analysis dividing the state’s total tax collections by its private sector personal income. The national average using this methodology was an overall local and state tax burden of 14.3 percent of income; Minnesota’s was 15.9.

“Minnesota’s higher than average state and local tax burden is driven by a significant individual income tax burden (6th highest), corporate income tax burden (8th highest), and all other taxes burden (18th highest),” KPD said in its anlaysis.