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Whats at Stake for Minnesota - A Clear Choice Tax Cost

Whats at Stake for Minnesota - A Clear Choice Tax Cost

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Published by Bob Hume

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Published by: Bob Hume on Jun 22, 2011
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05/12/2014

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What¶s at Stake for Minnesota

A Clear Choice: Governor Dayton¶s Fair and Balanced Solution to Protect 98% of Minnesotans OR the GOP¶s Budget That Protects the Richest 2%
Cost of permanent income and property tax increases on Minnesota families (per year) DAYTON Single Senior Citizen Fixed income: $10,000 Rent: $600/month Single parent, 1 child Income: $27,000 Rent: $800/month Senior Citizen couple Fixed income: $43,000 Rent: $600/month Couple, 2 children Income: $50,000 Rent: $1,200/month Couple, 2 children Income: $81,000 Own home valued at $199,000 (average statewide home price) Couple, 2 children Income: $335,000 Own home in Duluth valued at $344,400 $0 GOP* $247

$0

$677

$0

$115

$0

$887

$0

$116

$775

$716

*Includes reduction in renters credit, property tax increases, income tax increases, and increase in homeowner property tax refund. Excludes temporary tax changes, as well as thousands in increased healthcare costs and premiums, tuition increases, transit fare hikes, reductions in pay and benefits for state employees, etc.

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