Skip to comments.Other voices: Don't die in Minnesota -- it'll cost too much
Posted on 09/05/2013 3:26:49 PM PDT by TurboZamboni
Minnesota just increased the incentive to move to Florida, the Wall Street Journal opined in an editorial last week. Not only does our state impose an estate tax at a nation's-highest rate of 16 percent, this year the Minnesota Legislature enacted a new 10 percent gift tax, a levy on money given away while still alive. Tax-happy Minnesota got tax-happier during the DFL-led 2013 legislative session. In response, North Dakota officials put up billboards reminding Minnesotans they were still "open for business" on their side of the border. And now the Wall Street Journal put Minnesota smack dab at the top of its list of states "where not to die." "The grand prize for self-abuse goes to Minnesota," the newspaper wrote. "The new (gift tax) is all the more punitive because it applies the 16 percent estate tax ... to any gift within three years of death. This is essentially a clawback tax, or more taxation without respiration. Democratic Governor Mark Dayton, who signed the law, is the heir to a department store fortune and knows a lot about inheriting wealth but not much about creating it."
(Excerpt) Read more at twincities.com ...
Minnesota has been a socialist state for decades.
You can always count on fiscal Marxism to follow and go hand-in-hand with social Marxism. It is no surprise that the state that just legalized “same-sex marriage” would also enact these other freedom- and property disenfranchising laws.
They ALWAYS correspond.
what happens when democrats run the house, senate ,and governor’s office.
Like that one.
Dang, I wish I was a little less “attached” in this state I’d find somewhere else to live.
That just might change....who knows...anything could happen nowadays...
Thanks for posting. Minnesota’s avaricious Dems need all the bad national publicity they can get.