Minnesota Named ‘Not A Tax-Friendly’ State
The Land of 10,000 Lakes has once again made a somewhat dubious list when it comes to our taxes-- but it could be worse.
It's that time of the year where taxes are on many people's minds. With the IRS mandating that we all file our income taxes by April 15th, living here in Minnesota means we might be sending more of our hard-earned money to Uncle Sam-- and his close relatives up in St. Paul.
That's because Minnesota has once again made Kiplinger's List of the Not Tax-Friendly States for 2019. That's the bad news. The good news is, though, that things could be worse: We're NOT on the Kiplinger's list of the LEAST Tax-Friendly States-- the worst tax offenders, where you'll pay the most. (In fact, last year, Kiplinger named us THE Least Tax-Friendly State, so at least things aren't quite THAT bad this year.)
Summing up why Minnesota made the Not Tax-Friendly list this year (and you can read their entire survey HERE), Kiplinger summed it up like this:
"The North Star State hits hard with income tax. It added a new top income tax rate of 9.85% in 2013. But what makes Minnesota really stand out is that its lowest income tax rate is 5.35%. Property taxes are on the high side, too," the site said.
Joining us on the Not Tax-Friendly list of states this year are Michigan, Arkansas, Kentucky, Vermont, Massachusetts, Maine, Maryland and Oregon. We can always take solace, though, that we're in better tax shape here in Minnesota than over in my home state of Wisconsin: America's Dairyland is number-four on the Least Tax-Friendly List this year.