Tax Incidence Study . . .

In a Friday (5/6) post Minnesota Politics discusses the most recent Tax Incidence Study from the Minnesota Department of Revenue. It shows that people in the middle (and that includes a lot of you folks in Bloomington and Edina) pay the highest percentage of their incomes in combined income, property, and sales taxes.

Currently, the state income tax's top marginal rate is 7.65%. The Minnesota Senate voted Friday (5/6) on a budget bill that would impose a surcharge rate of 10.65% on married filers with combined taxable incomes of more than $250,000; $166,000 for single filers. Senate researchers say that most taxpayers wouldn't feel any effect unless they had a gross income over $297,000 a year, or $198,000 for an individual filer because of typical deductions and exemptions.

Senate DFLers say that a tax increase is necessary to fund the needs of education. It passed the Senate on a party-line vote, so we know how Senator G voted.

Old Spotty never met a dollar he didn't like. But he knows that he has to support his kids. Spotty has sired some pups over the years. Senator G and the Republicans don't want to support the kids; they are political dead-beat dads.