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Thankfully, we don't have a governor like Scott Walker who is considering raising sales tax to 13% so he can eliminate income tax in his state. Hard to imagine raising the sales tax even that high could make up for losing $7 billion in income tax a year but the upside for Minnesota would be more Wisconsinites shopping in our state.
I would look forward to the top tier Minnesotans not being able to pay a lower tax rate than the rest of us do. I'd also like to see our state regain the nearly $2 billion that MN corps and wealthy are hiding in offshore tax havens, more than in all but five states. Mpls Star Tribune, 2/6. Over $2 billion would certainly make a big dent in our budget shortfall. Tax dodging is not an admirable trait, imo. What ever happened to personal responsibility?
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