Number Of 'Income Millionaires' In North Dakota Grows By 81The state Tax Department says the number of North Dakotans reporting income of more than $1 million went up 7.5 percent last year. The agency says 1,120 North Dakota taxpayers reported adjusted gross income of more than $1 million in 2014, compared with 1,041 North Dakotans in that category in 2013.
Study: Roughly Half Of Americans Not Saving EnoughA new survey reveals many Americans aren't doing a good job when it comes to saving their income. According to <a href="http://www.bankrate.com/" target="_blank">Bankrate.com</a>, roughly half of all Americans save 5 percent or less of their incomes.
Good Question: What Triggers An IRS Audit?New numbers from the IRS show just 0.86 percent of tax returns are being audited, which is the lowest level since 2004.
Minnesota Leads In Income, Spending GrowthNew economic data is confirming Minnesota's status as a top performer among Upper Midwest states. The U.S. Department of Commerce for the first time is releasing state-by-state breakdowns of personal income and consumption.
7 Deductions That Lower Your Taxable IncomeMost folks looking for tax deductions focus on things like mortgage interest, real estate taxes and charitable donations. But tax rule changes that applied in 2013 made them less valuable in cutting taxes for an increasing number of taxpayers.
Bankers Say Farm Income Helping Rural EconomyBankers in 10 Midwest and Plains states expect the rural economy to continue growing in the months ahead because of the strength of farm income.
Spam Sales Help Boost Hormel 1Q Net Income Hormel Foods Corp. said Thursday its net income edged up as higher sales of Spam and Hormel chili and other products helped offset higher costs for grain and for commodity costs in its Jennie-O Turkey segment.
US Bancorp 4Q Net Income Rises 5 Percent U.S. Bancorp said Wednesday that its fourth-quarter net income rose 5.2 percent, as the bank reaped more income from loans and deposits.
Minn. Lawmaker Disclosure Leaves Plenty In DarkA quarter of the Minnesota Legislature has submitted economic disclosure statements that offer the public few or no details about the source of their outside income.
3M Cuts 2012 Guidance, Citing 'Economic Realities'3M Co. is reducing its profit expectations for this year because of what it calls "current economic realities."
3M Net Income Up In 2Q Despite Lower Sales 3M Co., the iconic maker of Post-Its and Scotch Tape, said Thursday it managed a slim increase in second-quarter earnings as cost-cutting offset a revenue shortfall.
Neiman Marcus: Latest Luxury Retailer Calling It Quits In MNNeiman Marcus is the latest luxury retailer saying goodbye to Minnesota, and it might have a lot to do with how much Minnesotans are able to spend these days.
Good Question: Why Is The Poverty Line Just $11,000?More Americans than ever before are living below the poverty line, and 544,000 Minnesotans are there too. But how is the poverty line determined?
Allete 2Q Net Income Falls On Higher ExpensesUtility company Allete Inc.'s second-quarter net income dropped 12 percent, hurt by higher expenses.
Best Buy Net Income Falls; Slow TV, DVD SalesBest Buy says that weak sales of TVs and DVDs pushed its first-quarter net income down 12 percent, yet shares rose 6 percent with the electronics retailer topping profit and revenue expectations on Wall Street.