January 25, 2017

Minnesota Illustrated: A Visual Guide to Taxes & The Economy

Nicole Kaeding
Morgan Scarboro

Nicole Kaeding, Morgan Scarboro

Report Download Minnesota Illustrated: A Visual Guide to Taxes and the Economy

Taxes are complicated. Each state’s tax code is a multifaceted system with many moving parts, and Minnesota is no exception. This chart book aims to help readers understand Minnesota’s overall economy and tax system from a broad perspective. It also provides detailed illustrations to each of Minnesota’s major taxes–individual income taxes, business taxes, sales and excise taxes, and property taxes–to help make the complicated task of understanding the state’s tax code a bit easier.

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About the Authors

Nicole Kaeding

Morgan Scarboro

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A tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities.

A property tax is primarily levied on immovable property like land and buildings, as well as on tangible personal property that is movable, like vehicles and equipment. Property taxes are the single largest source of state and local revenue in the U.S. and help fund schools, roads, police, and other services.