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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