Red Lake Nation News - Babaamaajimowinan (Telling of news in different places)

Lowest-income Minnesotans hit hardest by Gov. Tim Walz's tax plan, analysis shows

 

April 25, 2019

Glen Stubbe – Star Tribune

Gov. Tim Walz

Gov. Tim Walz's plan to increase taxes would hit the lowest-income Minnesotans the hardest, according to a new state analysis that could frame his push for more money to fund new health, infrastructure and school initiatives.

Minnesotans on the bottom half of the income ladder would absorb an average 9.9% tax increase, according to the analysis by Walz's own Department of Revenue. The upper half of Minnesotans would pay an additional 5.9%, although the wealthy would wind up paying far more in actual dollars and pick up a much larger share of the total tab than lower-income Minnesotans, according to the report.

http://www.startribune.com/lowest-income-minnesotans-hit-hardest-by-gov-tim-walz-s-tax-plan-analysis-shows/508995202/

 

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