T40 - Individual income tax - Minnesota (1994 - 2011) (Thousands of US$)
Year
Quarter
Value
1994
Q1 1994
$867,543
1994
Q2 1994
$952,200
1994
Q3 1994
$818,344
1994
Q4 1994
$900,116
1995
Q1 1995
$896,265
1995
Q2 1995
$1,048,792
1995
Q3 1995
$931,805
1995
Q4 1995
$1,021,976
1996
Q1 1996
$1,040,134
1996
Q2 1996
$1,141,633
1996
Q3 1996
$1,067,992
1996
Q4 1996
$1,089,505
1997
Q1 1997
$1,126,307
1997
Q2 1997
$1,495,168
1997
Q3 1997
$1,067,990
1997
Q4 1997
$1,227,269
1998
Q1 1998
$980,285
1998
Q2 1998
$1,397,804
1998
Q3 1998
$1,234,838
1998
Q4 1998
$1,333,940
1999
Q1 1999
$1,262,818
1999
Q2 1999
$1,474,639
1999
Q3 1999
$1,287,894
1999
Q4 1999
$1,237,100
2000
Q1 2000
$1,405,633
2000
Q2 2000
$1,616,699
2000
Q3 2000
$1,380,526
2000
Q4 2000
$1,347,828
2001
Q1 2001
$1,371,912
2001
Q2 2001
$1,805,917
2001
Q3 2001
$1,362,854
2001
Q4 2001
$1,275,119
2002
Q1 2002
$1,293,718
2002
Q2 2002
$1,512,409
2002
Q3 2002
$1,370,212
2002
Q4 2002
$1,316,080
2003
Q1 2003
$1,104,760
2003
Q2 2003
$1,580,777
2003
Q3 2003
$1,401,448
2003
Q4 2003
$1,383,476
2004
Q1 2004
$1,126,321
2004
Q2 2004
$1,798,340
2004
Q3 2004
$1,447,961
2004
Q4 2004
$1,429,605
2005
Q1 2005
$1,365,170
2005
Q2 2005
$2,098,428
2005
Q3 2005
$1,581,255
2005
Q4 2005
$1,514,394
2006
Q1 2006
$1,431,761
2006
Q2 2006
$2,335,844
2006
Q3 2006
$1,647,924
2006
Q4 2006
$1,594,564
2007
Q1 2007
$1,515,052
2007
Q2 2007
$2,473,314
2007
Q3 2007
$1,752,882
2007
Q4 2007
$1,675,496
2008
Q1 2008
$1,672,124
2008
Q2 2008
$2,676,758
2008
Q3 2008
$1,853,646
2008
Q4 2008
$1,699,156
2009
Q1 2009
$1,360,851
2009
Q2 2009
$2,034,466
2009
Q3 2009
$1,634,448
2009
Q4 2009
$1,594,387
2010
Q1 2010
$1,229,014
2010
Q2 2010
$2,000,262
2010
Q3 2010
$1,715,121
2010
Q4 2010
$1,723,236
2011
Q1 2011
$1,597,843
2011
Q2 2011
$2,446,195
2011
Q3 2011
$1,907,386
Code: T40 Individual Income Taxes
Definition: Taxes on individuals measured by net income and taxes on special types of income (e.g., interest, dividends, income from intangible property, etc.).
Includes: For local governments, includes wages, salaries, and other compensation earned by both residents and nonresidents, that are subject to tax collections by the reporting government.
Excludes: Taxes using income from intangible property as a measure of its value as of assessment date (report at Property Taxes, code T01); income taxes on unincorporated businesses (report at Corporation Net Income, code T41); payroll taxes to finance insurance trusts programs, such as Social Security taxes (report at appropriate Social Insurance Trust Revenue code); and city gross earnings taxes (report at Taxes, NEC, code T99).
Special Consideration: This category includes combined individual and corporation income taxes where proceeds could not be separated in older, historical data.
Category: Income Taxes
Category Description: Taxes levied on the gross income of individuals or on the net income of corporations and businesses (i.e., after allowable deductions).
Deduct refunds of taxes from gross collections even if they were recorded as tax revenue in a previous fiscal year.
Note: Not all states report all tax types. If the amount is zero for all time, then it is likely that the state does not report or collect the chosen tax type.
About this application: This application presents data from the US Census Quarterly Summary of State and Local Government Tax Revenue. The summary provides quarterly estimates of state and local government tax revenue at a national level, as well as detailed tax revenue data for individual states. This quarterly survey has been conducted continuously since 1962. The information contained in this survey is the most current information available on a nationwide basis for government tax collections.
