1. Increase state income tax by 3.1% (to 10.95% from 7.85%) on incomes greater than $130k (individuals) and $150K (married). Note first a significant marriage penalty in a day when everything from educational attainment to being law abiding corresponds to having married parents, and furthermore it gives the prosperous (as opposed to the rich like Mark Dayton) a significant reason to leave the state.
2. Add a property tax surcharge of 2% on homes with a value above $1 million. OK, so for the rich, Dayton creates a reason to....again...leave the state. Transaction costs on leaving the state for a lower tax state (say far off South Dakota) are paid for in.....one year.
3. Casino near the
More or less, what Mr. Dayton proposes is a fairly systematic way to drive prosperous and wealthy entrepeneurs out of the state, leaving more room for trust funders like Dayton. While this may make it easier for him to attend society events due to less traffic, it's not a good deal for those of us who need to work for a living.