Tag Archives: Taxes

Well Ain’t That Special..Minnesota Number 1!!!

Minnesota Ranked As Least Tax-Friendly State In US..

As for Minnesota, Kiplinger says the state hits hard with its income tax.

And our latest DFL Governor Tim Walz wants more…

 

 

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More Taxes…

It’s the DFL* way in Minnesota!!

Gov. Tim Walz proposes 20-cent per gallon gas tax hike

And that is not all he wants!!

Walz is also seeking four other fee or tax increases on drivers that will raise a combined $4.5 billion over 10 years, including:
• Increasing the base vehicle registration fee from $10 to $45
• Increasing the vehicle registration tax from 1.25 percent to 1.5 percent
• Changing the vehicle depreciation schedule
• Increasing the sales tax on car purchases from 6.5 percent to 6.875 percent

In addition, Walz’s budget calls for a 0.125 percent state sales tax in the seven-county Metro area to expand the regional bus and transit system, including new bus rapid transit lines.

Lovely..Just lovely..

California of the North is what the DFL* Party wants here..

*Dumb F@#king Liberal Party..

 

 

And The Minnesota DFL Party…

Is proud of this!!!

Minnesota Ranked As Least Tax-Friendly State In US…

As for the 10 least tax-friendly states, Minnesota tops the list. Following Minnesota is Maryland, New York, Illinois, Maine, Vermont, Hawaii, California, New Jersey and Connecticut.

As for Minnesota, Kiplinger says the state hits hard with its 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%,” the finance website said.

DFL used to stand for Democrat-Farmer-Labor party…

What a joke…

Dumb F__king LIEberal party is a better description of them today…

 

So much for liberal policies creating a workers paradise.

These Blue States Have Tried the Elizabeth Warren Model.

Massachusetts Sen. Elizabeth Warren recently appeared on one of the late night talk shows, beating the class warfare drum and arguing for billions of dollars in new social programs paid for with higher taxes on millionaires and billionaires. In recent years, though, blue states such as California, Illinois, Delaware, Connecticut, Hawaii, Maryland and Minnesota adopted this very strategy, and they raised taxes on their wealthy residents. How did it work out? Almost all of these states lag behind the national average in growth of jobs and incomes.

Another Minnesota Company Bails ….

Medtronic Joins List of Minnesota Companies Relocating Headquarters

Medtronic has announced their intention to acquire a company as a way to move their headquarters from Minneapolis to tax-friendly Ireland to save the company billions of dollars.
“This is not good news, and every Minnesotan should be concerned with this announcement,” said Chairman Keith Downey of the Republican Party of Minnesota. “They have of course stated their commitment to keep and grow their Minnesota operations, but like Nash Finch and others before them, in these deals it is usually just a matter of time before the operations shrink too.”
While Medtronic CEO Omar Ishrak was careful not to pin the decision on any one tax or regulation, it is hard to miss the timing of their move considering the imposition of Obamacare’s medical device tax as well as state policies making it more difficult for companies to do business in Minnesota.
From Bloomberg:

“Companies are so keen to escape the U.S. system because of the combination of a high tax rate — 35 percent, the highest among developed nations — and the practice of taxing the earnings of U.S. companies’ foreign subsidiaries when the money is transferred back to the U.S. Many other nations, such as the United Kingdom, tax only domestic profits.”

From the Star Tribune:

“…the deal would allow it to better use profits made overseas. Medtronic has managed its tax expense in the past by leaving abroad the profits earned by its non-U.S. subsidiaries.”

Governor Dayton and the Democrats have sent a strong signal that Minnesota intends to grow government, raise taxes and unionize entire industries. That message now directly coincides with another of Minnesota’s largest and most prestigious Fortune 500 companies’ decision to move their headquarters out of the country.

Republicans believe it’s time to grow opportunities for Minnesota families by creating a business friendly environment. We want businesses to come to Minnesota, not flee it.