Tuesday, August 14, 2007

Wisconsin Tax Rankings

Below please find a link to a Wisconsin Taxpayers Alliance press release on Wisconsin's tax rankings.

Points of interest from the release for our discussion;
  • WISTAX calculates that Wisconsin’s state-local tax burden ranked eighth highest nationally, down from sixth the prior year.
  • When user fees and charges are added to the tax figures, Wisconsin’s taxes-plus-fees claimed 15.20% of personal income, 13th highest among the states (vs. 8th the prior year).
  • Corporate income tax collections rose from 0.41% to 0.44% of personal income and the
    state’s rank fell to 15th from 12th.
  • Individual income taxes claimed 3.10% of income, down from 3.13%. Nationally, they
    ranked 15th compared to ninth in 2004.
  • Property claimed 4.43% of income, nearly unchanged from the 4.42% in 2004. Wisconsin’s
    property tax rank dropped from eighth to ninth.
  • General sales taxes fell to 2.44% of income in 2005 from 2.47% the prior year. Our sales
    tax rank moved from 30th to 31st.

Link to release; http://www.wistax.org/news_releases/2007/tax%20rank%200607.pdf

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