All, I am running an impact analysis of nursing homes in Minnesota (#398). The state personal income tax results appear to be quite low. For a $1 million change in final demand for #398, I am getting $1,925 in state personal income taxes. (According to the Minnesota Dept. of Revenue, personal income tax rates range from 5.35% to 7.85%.) I ran a similar analysis in 2008 using 2007 data and came up with approximately $21,300 in state personal income tax revenues per $1 million change in final demand. Can you please review and confirm? Thanks, AJ
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