Tax Breaks from Gov

I have been such an admirer of your governor since he was announced as VP candidate. Y'all are really lucky to have Coach Walz. I wish everyday I was seeing him and Kamala on my screens.

Comment by RiffRaff14 at 02/02/2025 at 04:18 UTC

55 upvotes, 6 direct replies

*It's a 0.075% reduction in sales tax.**

Sure it's a decrease but it's expected the average person saves $42/year. But the increases in taxes on professional services is expected to cost people $630 on average.

Now I think that the increase is heavily weighted towards higher income earners (good thing) I don't think this cut is actually substantive.

Comment by Average_Random_Bitch at 02/02/2025 at 02:56 UTC

73 upvotes, 1 direct replies

This is why I desperately want to move to this state. Not the tax cuts. The thought and compassion behind all this. A message to Washington. Its *something.*

Comment by GrizzlyAdam12 at 02/02/2025 at 02:23 UTC

85 upvotes, 4 direct replies

This would be amazing. It’s also long overdue.

Consumption taxes (sales tax) are extremely regressive. We should honestly look into abolishing them altogether and making up the difference with higher income tax.

Comment by TheAtheistReverend at 02/02/2025 at 02:16 UTC

110 upvotes, 2 direct replies

Good guy, that Walz

Comment by Educated_Idiot45 at 02/02/2025 at 02:26 UTC

29 upvotes, 1 direct replies

Prepare for some pain at the pump with the tariffs

Comment by Wagonman5900 at 02/02/2025 at 02:39 UTC

23 upvotes, 3 direct replies

If Walz and Harris had traded places on the ticket, would we still be in this mess?

Comment by ADtotheHD at 02/02/2025 at 02:16 UTC

64 upvotes, 4 direct replies

Nah, just tell all Minnesotans to not pay their federal tax.

Comment by SpooderJockey at 02/02/2025 at 19:23 UTC

7 upvotes, 0 direct replies

The tax cut he’s proposing lowers state sales tax from 6.875% to 6.8%. Hardly a drop in the bucket of taxes. To add to that it increases taxes on “professional services.”

https://www.fox9.com/news/sales-tax-cut-walz-budget-proposal.amp

Comment by MrNotSoGoodTime at 02/02/2025 at 03:00 UTC

26 upvotes, 0 direct replies

God this man should've been prez just like Bernie. Truly an alternate timeline we live in where nothing was learned from the 1930s/1940s

Comment by Sleepypeepeepoop at 02/02/2025 at 02:54 UTC

29 upvotes, 0 direct replies

Dude really needs to start calling these couch fuckers weird again.

Hell, we all need to bring that shit back.

Comment by PenakButt at 02/02/2025 at 10:49 UTC

6 upvotes, 0 direct replies

Amazing. The Trumpers in his state will just gaslight themselves into attributing his tax cuts to Trump tho.

Comment by ProfessionalLanky294 at 02/02/2025 at 03:44 UTC

17 upvotes, 2 direct replies

Can somebody let him know that we have Bluesky now and he should migrate there?

Comment by shiraz88 at 02/02/2025 at 07:15 UTC

5 upvotes, 1 direct replies

Minnesota has 8th highest state income tax … why https://grok.com/share/79acb758-5e68-4053-83a6-4374a63dbc14

Minnesota collects approximately $7,451 per capita in state and local tax collections. In terms of state income tax specifically, Minnesota has one of the highest individual income tax rates in the country, with a top marginal rate of 9.85% for individuals earning more than $164,400 and couples earning more than $273,470.

When it comes to overall tax burden, which includes personal income taxes, property taxes, and sales and excise taxes, Minnesota ranks as having the eighth highest tax burden in the U.S. with an average overall tax burden of 9.41%. Specifically for state income tax, Minnesota’s tax system ranks 44th on the 2025 State Tax Competitiveness Index, indicating it is not considered particularly competitive due to its higher rates.

For a more detailed comparison:

**Income Tax**: Minnesota ranks among the states with the highest rates, often cited as having the fourth highest income tax rate in the nation.
**Overall Tax Burden**: Minnesota is eighth highest, with a significant contribution from its income tax rate.

This ranking is based on data from various sources, including the Tax Foundation and personal finance websites that analyze state tax policies.https://taxfoundation.org/location/minnesota/page/2/[1]https://www.minnpost.com/politics-policy/2024/02/minnesotas-most-progressive-tax-state-designation-explained/[2]https://knsiradio.com/2024/04/03/571141/[3]

1: https://taxfoundation.org/location/minnesota/page/2/

2: https://www.minnpost.com/politics-policy/2024/02/minnesotas-most-progressive-tax-state-designation-explained/

3: https://knsiradio.com/2024/04/03/571141/

Comment by teamvowels at 02/02/2025 at 12:19 UTC

5 upvotes, 0 direct replies

This should have been the kind of leadership American voted for instead of a high school popularity circus that we have.

Comment by feltsandwich at 02/02/2025 at 18:18 UTC

6 upvotes, 0 direct replies

Countdown until a red hat says "Tampon Tim" in 3, 2, 1...

Comment by Warmstar219 at 02/02/2025 at 21:46 UTC

5 upvotes, 1 direct replies

The narrative for the next 4 years needs to be consistent, simple, and easily digestible:

-Republicans are making you poorer. We will fix that.

-Republicans are making you less safe. We will fix that.

-Republicans are making the US weaker. We will fix that.

That is, frankly, the maximum complexity that the average American can understand, and we need to pound it into their heads.

Comment by Dr_Zevil665 at 02/02/2025 at 02:47 UTC

15 upvotes, 0 direct replies

That’s my governor 💙💪

THIS is what leadership looks like

Comment by Nickels3587 at 02/02/2025 at 03:28 UTC

15 upvotes, 0 direct replies

I love Walz.

Comment by [deleted] at 02/02/2025 at 06:25 UTC

15 upvotes, 2 direct replies

[deleted]

Comment by Inamedmydognoodz at 02/02/2025 at 02:26 UTC

11 upvotes, 1 direct replies

I’m concerned with lowering taxes with the federal government talking about getting rid of important things like the department of education, wouldn’t that leave those things to be funded entirely by the state or am I just dumb?