A few days ago there was an internet article about 37 states that do not tax social security. Minnesota is one of 13 that still tax Social Security. In a past legislative sessions Minnesota did begin a gradual tax reduction on Social Security. For a person receiving Social Security and is in their late 60s and lives to the average life expectancy they may see less taxes taken from their Social Security in the years to come. For a person currently living beyond the average life expectancy the odds of seeing any real tax saving is greatly diminished mainly due to death. When a new tax is added it is applied 100 percent from day one. Why does it take Minnesota 10 years to remove the tax on Social Security?
There was also an interesting article in Session Daily about Social Security and several bills in both the House and Senate that could change the taxing of Social Security. There was one word in the article that was very interesting. The word was "scalable" and it speaks volumes of how little many elected officials think about seniors and maybe even what some elected officials even think of their parents.
Minnesota is in first place as the least tax friendly state in this nation and it appears that the governor wants to excel in this position by adding more taxes.
Kent Rees
Emily
