How MN taxes compare
Nov 05Key Takeaways:
- MN raked as Least Tax Friendly
- State Sales Tax of 6.875%
- State Income Tax from 5.35% to 9.85%
This article from Kiplinger ranks Minnesota tax environment along with the other 49 states. It is a nice quick read that compares and contrasts all the taxes you will encounter as a resident. Even upon your demise the state takes a bite on inheritance and estate taxes that are payable on top of any federal taxes due.
About SaverNotes, LLC
Headquartered in Eden Prairie, MN., SaveNotes, LLC provides a unique alternative to stocks, bonds and CD’s by providing fixed income with high return, while remaining easy to invest.
SaverNotes pays interest to its investors based on a variety of available investment amounts and maturity dates. SaverNotes have no fees or expenses and are available for any Minnesota investor. Current rates range from 3.00% to 6.00% based on terms of two to five years. Investors can also invest through their IRA account.
| Regular | $2,000 + |
| IRA | $25,000 + |
| Term | Interest Rate |
| 2 Year | 3.00% |
| 3 Year | 4.00% |
| 5 Year | 6.00% |
Learn about how this investment fund was made possible through our investment partnerships and our experienced legal, wealth management, banking and accounting advisors at www.SaverNotes.com.