State income tax: 5.35% - 7.85%
State sales tax: 6.875%
Mean property tax rate as a percentage of mean home value: 1.09%
Property tax ranking: 19
Estate tax: 0.8% - 16%, with $1 million exemption
Inheritance tax: None
The North Star State where ice hockey reigns and moose roam free gives retired residents a chilly reception.
Minnesota imposes a hefty personal income tax, sale tax (though food, clothing and medication is exempt) and property tax. It also taxes retirement income, including Social Security benefits and pensions, and wants a piece of your estate.
The state does offer a break to those 65 and older with household incomes of $60,000 or less, with a property tax deferral program that limits the amount of property tax they pay to 3 percent of total household income.
Detroit’s bankruptcy is about numbers: a 26 percent drop in population since 2000, 78,000 abandoned properties, $10 billion in underfunded pension and health care obligations for public employees and billions more in bond and other debt that make it impossible to pay for adequate city services.
What a bunch of BULLSHIT by The King of Double Talk No Jobs Nolan who is looking for sympathy with his spin insinuation of threats. The bottom line is this 70's retread radical wants to control what guns you can have and how many rounds a gun will hold. Nolan is as much for the second amendment as his father is the Pope.
Dick Nolan will be known as "No Jobs Nolan" until the Georgia Pacific Plant in DFL Duluth has 100 new jobs like the winners pictured above at the oriented strand board (OSB) mill in Clarendon, SC, AND Polymet and Twin Metals are up and running on the Iron Range. No Jobs Nolan and his losers are yap yap yapping about everything other than jobs because the job killer klan and No Jobs Nolan cannot and will not deliver new high paying jobs. Job creators flee from the likes of No Jobs Nolan.