The Great Migration of Wealth Out of Minnesota

The Great Migration of Wealth Out of Minnesota
budget.roadtrippers.com

Three years ago next month, a long-time Twin Cities CEO joined about 20 other Minnesota business leaders to meet privately with Gov. Mark Dayton in downtown Minneapolis. The governor talked about the state’s business climate and his priorities, and then the format opened up into a Q&A session.

It was just as the governor and Legislature were forming significant tax increases for wealthier Minnesotans. And it followed intensified auditing of individuals accused of skirting state residency laws, based on a list of 26 factors used to determine whether the individual owed Minnesota taxes. (See “Fueling the Migration” box below.)

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