There are more than twice as many categorized levels of wealth above me than below me (in dollars earned, not in relation to the layout of the chart). I already knew I was poor. Seeing it on a chart? Now that’s just rubbing it in.
Effective tax rates in Minnesota, considering state and local taxes (Source: Minnesota Department of Revenue)
The effective rate for the top 5 percent of households, those earning $175,704 and higher, was 9.7 percent — compared with 12.4 percent for a family earning between $31,000 and $40,000.
From “Minnesota’s overall tax burden is increasingly regressive,” by Sharon Schmickle
