No. Billionaires pay a federal income tax rate much higher than 8%, according to the latest data.
The Milwaukee County board has voted to nearly double the county’s sales tax, two weeks after the city of Milwaukee approved a local sales tax increase as part of a bipartisan plan to avoid bankruptcy.
No. Most revenue from a City of Milwaukee sales tax must be spent on city employee pensions and most of the remainder on police and fire positions.
Wisconsin Gov. Tony Evers signed off on a two-year spending plan Wednesday after dramatically scaling back the size of a Republican income tax cut that would have moved the state closer to a flat rate.
Yes. The 2023-25 Wisconsin state budget would reduce income tax rates in all brackets and taxpayers with the largest incomes would get the largest share of the $3.5 billion reduction.
Yes. An estimated 92,146 income tax-filing individuals left Wisconsin in 2021 for other states.
Yes. Several 2023 reports ranked Wisconsin among the states with the highest property taxes.
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.
Democratic Wisconsin Gov. Tony Evers is making a plea for bipartisanship in his state budget proposal.
Yes. The Republican leader of the Wisconsin Senate recently proposed a flat tax that would reap annual savings for millionaires in excess of $100,000.
Yes. Tax policy changes adopted since January 2011 in Wisconsin have cumulatively saved state taxpayers approximately $21.9 billion in the 12-year period between 2011-12 and 2022-23, according to an analysis by the nonpartisan Legislative Fiscal Bureau.
The Republican leader of the Wisconsin state Senate has proposed moving to a flat income tax rate of 3.25%. Democratic Gov. Tony Evers has vowed to block the proposal circulated Friday.