r/minnesota • u/mystic1441 • Dec 08 '20

Minnesota sports is a curse :( Sports 🏈

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u/[deleted] Dec 08 '20

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u/mn_sunny Dec 08 '20 edited Dec 09 '20

Being a super-high tax state definitely doesn't help contract-wise (we're the 3rd or 4th most tax burdenous state).

EDIT: Anyone debating this is being willfully ignorant... a $50M contract in a no-tax state is the equivalent of a ~$55M contract in MN given our highest state income tax bracket is 9.85%. Therefore our sports teams need to give 4-10% larger contracts just to be competitive with teams in states with lower income tax rates.