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Continued: St. Anthony: 'United for Jobs' groups not always united on Minnesota tax policies

  • Article by: NEAL ST. ANTHONY , Star Tribune
  • Last update: April 14, 2013 - 7:30 PM

Minneapolis money managers Jim Ulland and Keith Tufte, who boast well-heeled clientele, predict Dayton’s tax hikes will help drive affluent Minnesotans to lower-tax states like Florida and Arizona. Others disagree.

“It would be shortsighted for an individual or company to consider moving out of Minnesota simply because of Gov. Dayton’s proposed tax,’’ said Bob MacDonald, retired CEO of Life USA and Allianz Life North America, who lives much of the year in Florida but maintains legal residency and pays Minnesota income taxes.

“Minnesota has a motivated and highly educated workforce that provides a deep resource for building a company. The small increase in taxes — on those who can most afford to pay them — is an investment in maintaining the high quality of workers. And the return on this investment will far exceed the amount paid.”

 

Neal St. Anthony • 612-673-7144 • nstanthony@startribune.com

 

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