By
BrownWinick | 01.06.2014
Minnesota is now one of only two states to have a state gift tax. (Connecticut is the other one.) As a result, gifts of more than $1 million worth of Minnesota property will require a payment of Minnesota gift tax. The tax is assessed on a sliding scale, and the maximum rate is 16%. Gifts to a spouse or to charity do not count. Gifts with a value...
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