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Minnesota

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question everything

(49,524 posts)
Tue Mar 6, 2018, 12:58 PM Mar 2018

The new surplus - a mirage? [View all]

We heard gloating how the we got so much more tax payment that the state has a great surplus.

Not so fast. These payments came late in the year which may mean that many high earners, who will be limited on how much state tax they will be able to deduce for the 2018 tax year, chose to prepay in 2017.

And, this, apparently, is the reason why the commissioner warned Dayton that this may be a timing issue.

Hope that the Republicans will not attempt to run with this in November. And, that the Democrats will be able to point this out.

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The new surplus - a mirage? [View all] question everything Mar 2018 OP
Remember what Ventura did, Wellstone ruled Mar 2018 #1
What did he do? I dont remember or know. Eliot Rosewater Mar 2018 #2
Played the refund game. Wellstone ruled Mar 2018 #3
Sounds like what he would do. Eliot Rosewater Mar 2018 #4
Yes, can do with "less government" until we need it question everything Mar 2018 #5
We are heading for a Economic Downturn Wellstone ruled Mar 2018 #6
Yup. I paid $3,300 MN estimated income taxes in December, wasn't going to pay anything, not even in progree Mar 2018 #7
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