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Other voices: Don't die in Minnesota -- it'll cost too much
Pioneer Press ^ | 9-4-13 | Pioneer Press

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 ...


TOPICS: Business/Economy; Government; US: Minnesota
KEYWORDS: dayton; death; democrats; marx; mn; taxes

1 posted on 09/05/2013 3:26:49 PM PDT by TurboZamboni
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To: TurboZamboni

Minnesota has been a socialist state for decades.


2 posted on 09/05/2013 3:31:01 PM PDT by ought-six ( Multiculturalism is national suicide, and political correctness is the cyanide capsule.)
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To: TurboZamboni

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.


3 posted on 09/05/2013 3:38:03 PM PDT by fwdude ( You cannot compromise with that which you must defeat.)
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To: TurboZamboni
Business should be booming pretty soon.

Minneapolis mayor courts Chicago's gay couples to marry in his city

4 posted on 09/05/2013 3:44:24 PM PDT by Libloather (The epitome of civility.)
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To: ought-six

what happens when democrats run the house, senate ,and governor’s office.


5 posted on 09/05/2013 3:47:43 PM PDT by TurboZamboni (Marx smelled bad & lived with his parents most his life.)
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To: TurboZamboni
taxation without respiration

Like that one.

6 posted on 09/05/2013 4:10:08 PM PDT by Izzy Dunne (Hello, I'm a TAGLINE virus. Please help me spread by copying me into YOUR tag line.)
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To: cibco

Ping.


7 posted on 09/05/2013 4:13:47 PM PDT by defconw
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To: defconw

pong


8 posted on 09/05/2013 5:05:48 PM PDT by cibco (I HOPE Obummers's CHANGE disappears...)
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To: TurboZamboni

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...


9 posted on 09/05/2013 5:39:40 PM PDT by Thorliveshere (I wish I lived in Texas.)
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To: TurboZamboni

Thanks for posting. Minnesota’s avaricious Dems need all the bad national publicity they can get.


10 posted on 09/06/2013 7:15:29 AM PDT by rhema ("Break the conventions; keep the commandments." -- G. K. Chesterton)
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To: Libloather; TurboZamboni; MplsSteve
There's a poll about Rybak to FReep on the front page of the Pioneer Press. Scroll down; it's on the left side.
11 posted on 09/06/2013 7:19:53 AM PDT by rhema ("Break the conventions; keep the commandments." -- G. K. Chesterton)
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