Wisconsin ranks 19th on how much of our income is taken up by taxes, down from 7th in 1997

Published Thursday, November 14, 2019
by Milwaukee Journal Sentinel

Wisconsin continues to improve its position among states when taxes as a share of personal income are compared, a new report by the Wisconsin Policy Forum shows.

State and local taxes took up 10.3% of the personal income of Wisconsin residents in 2017, the latest data available from the U.S. Census Bureau. Although that was more than 10.2% in 2016, Wisconsin still moved down three notches on the list of the states taking the biggest tax bite out of personal income, to 19th from 16th a year earlier.

Looking back 20 years, state and local taxes as a percentage of income have dropped more than 2% in Wisconsin, the report by the nonpartisan Wisconsin Policy Forum noted. The state was ranked as the seventh-highest for state and local taxes in 1997, at 12.4%.

Property taxes by municipalities, schools, counties and other local government units represent the single largest tax in the state at 3.5% of personal income. State individual income tax was next at 2.8%.

https://www.jsonline.com/story/money/2019/11/14/wisconsin-state-and-local-taxes-took-up-10-percent-income-2017/4181639002/

 

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