Could Minnesota have the highest-in-the-nation income tax bracket
According to MyFox democrats plan to pass a tax bill Saturday that would give Minnesota the highest-in-the-nation top rate. They will be adding a fourth tier to Minnesota's current three-tier system. Minnesota will have new rate at 9.7 percent. This will allow more money for education and even out the income taxes that people pay.
According to WCCO the top-earning Minnesotans currently pay less than one-tenth of their personal income in taxes while middle-class earners pay about 12 percent in all varieties of taxes.
According Kare11 the proposal to raise just shy of $1 billion in taxes over the next two years would be achieved by adding a fourth tier to Minnesota's current three-tier system. http://www.kare11.com/news/news_article.aspx?storyid=249421