Senate tax plan ups income tax
ST. PAUL – Married Minnesota couples who make about $140,000 or more taxable income would pay higher income taxes under a tax plan offered by senators today.
The proposal does not create a new income tax bracket, like the governor’s and House’s proposals, but would increase the top tax rate from 7.85 percent to 9.4 percent. That would bring in about $1.2 billion.
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