March 17th, 2011
jeff-rosenberg

More evidence the richest 10% don’t pay their fair share

Yesterday, I wrote that the rich still pay a smaller percentage of their income in taxes in Minnesota than the state average. I want to quantify that a bit further, using data from the Tax Incidence Study [PDF, see table 2-2].

In fact, the richest 10 percent of Minnesotans make 42 percent of all of the income in the state. However, they pay only 38 percent of the taxes. In contrast, the bottom 50 percent — fully half of all Minnesotans — make only 15 percent of the income, but they pay 17 percent of the taxes.

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