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Wealthy Minnesotans Pay Smaller Share Of Taxes

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(credit: Jupiter Images)

(credit: Jupiter Images)

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ST. PAUL, Minn. (AP) — A new report by the state Revenue Department says wealthy Minnesotans pay a smaller share of their incomes in state and local taxes.

The 10 percent of Minnesotans who earn more than $130,000 annually paid an average of about 10 percent of their incomes in taxes in 2008, the latest year for which the data was available. The rest of the state’s taxpayers paid at a rate of 12.3 percent.

The St. Paul Pioneer Press says on average, Minnesotans paid 11.5 percent of their incomes in state and local taxes in 2008, down from about 13 percent in the mid-1990s.

(© Copyright 2011 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

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