In the proposal announced today by Minnesota Democrats, the legislators have come up with the genius idea of taxing all things that really matter in life: booze, cigarettes, and rich people.
Seriously, folks. When do we say enough is enough? Apparently when your state has a $4.6 billion deficit, the best option is to tax the sinners.
Cigarette taxes would go up another 54 cents a pack. Alcohol would cost an extra three to five cents a drink. The richest Minnesotans would have the highest tax rates in the country: 9 percent.
The rich Minnesotans who would be screwed by higher taxes: :$300,000 of adjusted gross income for joint filers, $169,700 for single filers and $255,000 for heads of household."
The DFL says income taxes for most lower and lower-middle income Minnesotans would decrease. While their idea is worth talking about, it's not likely to succeed in the Legislature. Pawleny has vowed to veto any tax increases this session.