Yes. Wisconsin’s tax rate is 5.3% for individual taxpayers in the middle tax bracket — higher than the rate in the top tax bracket in 25 states as of January 2023, according to the Tax Foundation.
Tag: Economy
Posted inFact briefs
Are nearly half of all Americans worried about having their money in banks?
Yes. ccording to an April Gallup poll, 48% of U.S. adults are concerned about having their money in banks or other U.S. financial institutions, including 19% who are “very” worried and 29% who are “moderately” worried.
Posted inEconomy, Fact briefs
Has US inflation been at or above 5% for the last two years?
Yes. The last time the 12 month–average inflation rate was below 5% was in April 2021, when it was 4.2%, according to U.S. Labor Department data.
Posted inEconomy, Health & Welfare
High child care costs, low accessibility leads to smaller Wisconsin families
Unaffordable child care means, Wisconsin parents work less, earn less and stress more.
Posted inEconomy
In rural Wisconsin, former employees lift curtain on troubled crypto mine
An energy intensive Bitcoin mining operation in Park Falls can’t replace a once vibrant paper mill, but it has created new conflicts and a cautionary tale.
Posted inFact briefs
Does Tony Evers want to use 10% of the Wisconsin state budget surplus to cut taxes?
Yes. Democratic Gov. Tony Evers has proposed to earmark $600 million of Wisconsin’s large surplus for tax relief. The state Department of Administration’s latest projections place Wisconsin’s surplus at around $6.58 billion. Evers’ plan includes a 10% tax cut for “working families.”
Posted inFact briefs
Does the Wisconsin GOP oppose all public school funding?
No. Republicans who control Wisconsin’s Legislature have routinely passed funding for the state’s public schools, most recently in the 2021–23 biennial budget. However, many Republican plans for education funding have been in conflict with Democrats’ goals.
Posted inFact briefs
Did auditors say Tony Evers should be more transparent about distributing federal funding?
Yes. A report from the nonpartisan Legislative Audit Bureau said the Department of Administration should “increase the transparency and clarity” about how the state allocates federal funding.
Posted inFact briefs
Does Wisconsin have the worst minimum wage to cost-of-living ratio in the country?
Yes. The minimum wage in Wisconsin covers 29.9% of the living wage for a family with two working adults and two children — the lowest percentage in the nation, according to the MIT Living Wage Calculator.
Posted inFact briefs
Did gas prices in Wisconsin fall by at least a dollar in the two weeks after the 2022 midterm elections?
No. Wisconsin gas prices fell significantly in the two weeks following the 2022 midterm elections — but not by a dollar. The average statewide decrease was around 50 cents, from $3.74/gallon to $3.32/gallon, between Nov. 10 — two days after Election Day — and Nov. 22, according to AAA data.
Posted inFact briefs
Does Mandela Barnes support raising taxes on the middle class?
No. Lt. Gov. Mandela Barnes, the Democratic candidate for Wisconsin for the U.S. Senate, advocates lowering middle class taxes, not raising them.
Posted inEconomy, Health & Welfare
‘How do I ever get caught up, if I’m always catching up?’ Poverty’s unrelenting grip on Milwaukee
Milwaukee holds the second-highest poverty rate among large U.S. cities, leaving many residents with impossible choices.