WI Taxes: Bottom 20% pays 10.1%, Top 1% pays 7.7%

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jonnygothispen
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WI Taxes: Bottom 20% pays 10.1%, Top 1% pays 7.7%

Postby jonnygothispen » Fri Dec 07, 2018 6:15 pm

https://urbanmilwaukee.com/2018/11/26/w ... Cd02QmX3ck

Wisconsin is one of 45 states that taxes poorer residents at a higher rate than richer residents. Our neighbor Minnesota is one of the states that provides a model for a more equitable tax system, one that taxes poorer residents a smaller share of their income and the richest residents a higher share.

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Re: WI Taxes: Bottom 20% pays 10.1%, Top 1% pays 7.7%

Postby gargantua » Fri Dec 07, 2018 9:08 pm

Thanks, Walker.

jonnygothispen
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Re: WI Taxes: Bottom 20% pays 10.1%, Top 1% pays 7.7%

Postby jonnygothispen » Sat Dec 08, 2018 10:55 am

"If you don't want to lose, you have to stick it to the blues, Koch-caine,
When your term is done, but you want to ride on, Koch-caine..."

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Re: WI Taxes: Bottom 20% pays 10.1%, Top 1% pays 7.7%

Postby Beaver » Wed Dec 19, 2018 7:55 pm

How will we come up with $2 billion? Thanks for bankrupting us, Walker.

State and local tax burden lowest in 50 years
https://madison.com/wsj/news/local/govt ... 3BEF2C94B1

"An analysis by the nonpartisan Wisconsin Policy Forum shows state and local taxes make up 10.5 percent of personal income, the lowest since they began compiling figures in 1970. The lower tax burden is reflective of not just rising incomes, but low unemployment, and limits and cuts to local property taxes, the Policy Forum notes.

The lower tax burden comes as lawmakers in the upcoming budget season would need to come up with an additional $2 billion to cover the cost of existing commitments in state law, according to the analysis."


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