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Instead the typical "we are good, they are bad" mantra - how about looking at some details?
Dayton said the main reason for the turnaround is that Minnesota employers have added over 318,000 jobs in the past eight years, and unemployment has dropped from 6.9 percent in 2011 to 2.8 percent today.
The pool of people paying taxes has increased. That increases tax revenue.
State finance officials say federal tax cuts this year helped spark a burst of economic activity.
Oh... tax cuts are responsible. Kinda flies in the face of the "tax cuts for the wealthy are bad" mantra.
Minnesota has had 99 straight months of job growth. The state has also had near-record job low unemployment and more job vacancies than people to fill them.
Again - the tax pool is larger, more people are paying taxes instead of siphoning off money from government redistribution programs.
BTW, also from your link:
Quote:
But economists still warn: A trade war with China could slow it all down.
Did not find this quote you claimed was in your link: "Again - the tax pool is larger, more people are paying taxes instead of siphoning off money from government redistribution programs"
Would you please post the proper source for this quote?
Did not find this quote you claimed was in your link: "Again - the tax pool is larger, more people are paying taxes instead of siphoning off money from government redistribution programs"
Would you please post the proper source for this quote?
The quotes from the article are in blue - as always is the case for my posts. The bold above is not from the article. It's common sense.
If more people are working, more people are paying income taxes.
If less people are paying, less money is being collected for taxes. If they are also receiving aid from the state, that is a withdrawal from the taxes collected.
You were asked questions and now are asking US to answer the questions which were posed to YOU. Why? Because your statements were illogical and thus you can no longer defend them.
Quote:
Originally Posted by James Bond 007
1. Wisconsin has been adding jobs, too. Thus your statement, "The pool of people paying taxes has increased. That increases tax revenue," is true of Wisconsin as well. So why do they not have a budget surplus as well?
2. Wisconsin is also part of the US, just like Minnesota. So, why have they not benefited from the federal tax cuts?
The quotes from the article are in blue - as always is the case for my posts. The bold above is not from the article. It's common sense.
If more people are working, more people are paying income taxes.
If less people are paying, less money is being collected for taxes. If they are also receiving aid from the state, that is a withdrawal from the taxes collected.
Once again: Wisconsin has been adding jobs, too. So why do they also not have a budget surplus?
You tell me... it's your point, not mine... do your own work.
Typical conservative/republican, always wanting the other side to do their work and heavy lifting.
Here ya go:
Quote:
The latest volley comes from a liberal research group, the Economic Policy Institute, which finds that “on a multitude of key measures, Minnesota’s economic performance over the past seven years has been markedly better than that of its neighbor to the east.”
Put another way, Minnesota has fared better economically under Democrats than Wisconsin has under Republicans, according to a study released Tuesday by the Washington, D.C.-based organization.
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For example, the total number of nonfarm jobs has grown 11% in Minnesota since the end of 2010, compared to 7.9% in Wisconsin.
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Median household income grew in real terms by 7.2% in Minnesota between 2010 and 2016, compared to 5.1% in Wisconsin.
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Median real hourly wages have gone up 2.4% since 2010 in Minnesota, compared to 0.3% in Wisconsin. The report cites other data on poverty, health care coverage, labor force participation and union membership.[/QUOTE
The North Star State’s top tax rate of 9.85% is one of the highest in the U.S. But what makes Minnesota really stand out—and not in a good way—is its income tax rate of 5.35% even for the state’s lowest earners.
And thanks to the federal tax overhaul, it could get worse. Minnesota uses federal taxable income as the starting point for calculating state taxes. An estimated 300,000 Minnesotans will pay higher state taxes due to the loss of personal and dependent exemptions on their federal tax returns. Minnesota lawmakers and Gov. Mark Dayton were unable to agree on a fix during the 2018 legislative session, which ended in May. For that reason, Minnesota moves to the top of our least-friendly list.
Last edited by my54ford; 12-18-2018 at 07:31 AM..
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Why? Because your statements were illogical and thus you can no longer defend them. 
