Not exact matches
And
because no Minnesota
cities charge local
income taxes you don't have to worry about getting hit with an extra level of taxation based on the
city where you work or live.
This weekend, the Times taught us that it's basically impossible for executives to survive in this
city on a $ 500,000 yearly
income — largely
because taxes eat up nearly half of that sum.
The
city estimated only modest increases in
tax revenue,
because of lower revenue from
income taxes and real estate sales
taxes, offset by a rise in property
tax receipts.
In total, the
city has raised its revenue forecasts by $ 5.1 billion through FY 2017, largely
because real estate values and sales activity are increasing faster than had been expected and personal
income tax collections have been strong.
Because most of the people left behind in the inner -
city neighbourhoods after the «white flight» were of lower
income, many
cities lost a significant portion of their
tax base.