Record tax increase kicks in today; cigarettes skyrocket in price
ST. PAUL -- Minnesota’s two-year budget begins Monday, with more than $2 billion in new taxes to help fund programs ranging from education to local government aid to nursing homes.
To provide new funding, as well as plugging a $627 million budget deficit, taxes are headed up on couples who earn more than $250,000 in taxable income, cigarette smokers, some online customers and some businesses.
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