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Expenses. $18,739.5 million (2013) [7] The economy of Minnesota produced US$472 billion of gross domestic product in 2023. [8] Minnesota headquartered 15 Fortune 500 companies in 2023, the largest of which were UnitedHealth Group (5th) and Target (33rd). [9] The per capita personal income in 2016 was $51,990, ranking sixteenth in the nation. [10]
Minnesota, individual, corporate, and franchise, from 1933; ... 2022, the top personal income tax rate was reduced to 4.9% retroactively effective to January 1, 2022 ...
Median household income and taxes State Tax Burdens 2022 % of income. State tax levels indicate both the tax burden and the services a state can afford to provide residents. States use a different combination of sales, income, excise taxes, and user fees. Some are levied directly from residents and others are levied indirectly. This table ...
Here are the standard tax brackets for the states with progressive income tax rates: ... Here are the states that impose a flat tax rate on their citizens: State. ... Minnesota. 5.35% = $0-$26,960.
Minnesota. Minnesota state income tax rates range from 5.35 percent to 9.85 percent. ... Utah has a flat state income tax of 4.65 percent. Utah allows for a tax credit for Social Security payments ...
If you can’t use the online tracking system, the Minnesota Department of Revenue’s customer service department is available by phone Monday through Friday, 8:00 a.m. to 4:30 p.m. at 651-296 ...
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