Under Minnesota tax law, if you spend more than 183 days in the state in a year and you have a home here, you’re a full-time resident of Minnesota, with all the tax implications that come with that rule.

Today, a divided Minnesota Supreme Court reversed a short-term victory to a wealthy Lake Minnetonka couple, who moved back to Minnesota in 2007 and were ordered to pay $650,789.38 in taxes as full-year residents under the law.
Read more

Minnesota has one of the least regressive tax structures in the country, according to the Institute on Taxation and Economic Policy, which has released a study of individual state’s tax policies to determine whether middle- and lower-income residents are shouldering more of the burden.

For the record, Minnesota’s tax system isn’t fair. But neither is any other state’s, according to the research. Read more

At a time when Minnesota is getting some criticism for its new gift tax, Forbes Magazine has good insight on how rich families stay rich families. It’s focusing on a dispute between the Pohlad family (owners of the Minnesota Twins) and the Internal Revenue Service over the estate of the late Carl Pohlad. Pohlad’s heirs Read more