Minnesota’s latest tax incidence study came out this week (and can be found here). I’ve written about it before, and the trends are pretty much the same as previous studies. Two graphs jump out at me. The first is the overall effective tax rate:
It peaked in 1994, and since 2000, has stayed remarkably stable. It’s hard to argue that government is taxing people more and more.
The next is the updated tax incidence graph. As before, the wealthiest people pay a lower rate than the middle class in Minnesota:
Same story as before, really. It also puts Governor Dayton’s income tax proposal in perspective.