Under tax cuts signed by Wisconsin Democratic Gov. Tony Evers, 86% of taxpayers saw a 15% decrease in income taxes. It is estimated that the 2021-23 biennial budget signed by Evers provided tax relief to 2.4 million Wisconsinites — marking one of the largest tax cuts in the state’s history.
The decrease in income taxes also includes changes Evers made to the Wisconsin Department of Revenue’s withholding tax tables. Based on those changes and the tax cuts, a single filer making $50,000 this year will get about $550 more in their paychecks, and a married couple making a combined $50,000 will get an additional $1,200 in their paychecks.
With an unprecedented $5 billion surplus in the state budget, Evers proposed another tax cut in August that would provide $600 million in tax relief each year, including a 10% income tax cut. Legislative Republicans rejected a similar plan proposed by Evers earlier in 2022.
Wisconsin Public Radio: Evers announces tax cut proposal amid unprecedented state budget surplus