Investor Presentaiton
DJFO
Minnesota
ITEP Tax Inequality Index Ranking
Minnesota's state and local tax system does not worsen income
inequality and ranks 50th on ITEP's Tax Inequality Index.
State and Local Taxes as Share of Family Income
Lowest 20 percent
Second 20 percent
Middle 20 percent
Fourth 20 percent
Next 15 percent
Next 4 percent
Top 1 percent
RANK 50
6.2%
Minnesota
8.0%
Total Taxes
10.0%
Share of family income
10.9%
9.9%
10.9%
10.5%
9.9%
10.0%
9.9%
9.9%
8.0%
10.5%
6.2%
Lowest Second Third Fourth Next
20%
Less than
$34,400
20%
$34,400 to
$60,800
Next
20%
$60,000 to
$100,900
20%
$100,900 to
$149,400
15%
$149,400 to
$325,700
4%
Top
1%
$325,700 to
$730,600
Over
$730,600
Top 20%
1 Baldwin Street Montpelier, VT 05633-5701 (802) 828-2295
https://ljfo.vermont.gov
TEP WhoPays?
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