Earlier this year, the Trump administration released some broadly outlined proposals to overhaul the federal tax code. Households in Wisconsin would not benefit equally from these proposals. The richest one percent of the state’s taxpayers are projected to make an average income of $1,786,500 in 2018.
Wisconsin
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July 20, 2017 Trump Tax Proposals Would Provide Richest One Percent in Wisconsin with 50.6 Percent of the State’s Tax Cuts
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blog July 19, 2017 State Rundown 7/19: Handful of States Still Have Their Hands Full with Tax and Budget Debates
Tax and budget debates drag on in several states this week, as lawmakers continue to work in Alaska, Connecticut, Rhode Island, Pennsylvania, Texas, and Wisconsin. And a showdown is brewing in Kentucky between a regressive tax shift effort and a progressive tax reform plan. Be sure to also check out our “What We’re Reading” section for a historical perspective on federal tax reform, a podcast on lessons learned from Kansas and California, and more!
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blog June 28, 2017 State Rundown 6/28: States Scramble to Finish Budgets Before July Deadlines
This week, several states attempt to wrap up their budget debates before new fiscal years (and holiday vacations) begin in July. Lawmakers reached at least short-term agreement on budgets in Alaska, New Hampshire, Rhode Island, and Vermont, but such resolution remains elusive in Connecticut, Delaware, Illinois, Maine, Pennsylvania, Washington, and Wisconsin.
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ITEP Work in Action June 27, 2017 Wisconsin Budget Project: Missing Out: Recent Tax Cuts Slanted in Favor of those with Highest Incomes
Since 2011, Wisconsin state lawmakers have made it a high priority to cut taxes, particularly personal income and property taxes. The tax cuts they have passed have disproportionately gone to… -
media mention September 13, 2016 The Daily Cardinal: Scott Walker to push for new sales tax holiday
“These temporary reprieves from sales taxes don’t do much to help relieve financial burdens, according to a New York Times article. In the article, Meg Wiehe, state tax policy director… -
media mention August 30, 2016 Governing: Back-to-School Tax Holidays Losing Popularity Among Lawmakers
“[Tax holidays] don’t help lower-income people much either, according to the left-leaning Institute on Taxation and Economic Policy (ITEP).” Read more -
media mention July 28, 2016 Coalition fights to repeal personal property tax
“Matt Gardner, executive director of the Institute on Taxation and Economic Policy, argued in a recent blog that repealing the law would be adverse for homeowners who might have to… -
media mention January 12, 2016 Milwaukee Journal Sentinel: Why Wisconsin remains a tax hell
“Relying on a report by the Institute on Taxation and Economic Policy, a nonpartisan research organization that works on tax policy issues, the website WalletHub shows the effective state and… -
media mention December 18, 2015 The Sheboygan Press: Wisconsin is still a tax hell
“Relying on a report by the Institute on Taxation and Economic Policy, a nonpartisan research organization that works on tax policy issues, WalletHub shows the effective state and local tax… -
ITEP Work in Action April 29, 2015 Wisconsin Budget Project: A Flatter State Income Tax Would Take a Toll on Wisconsin
A proposal to change Wisconsin’s tax system could cut taxes for high earners, even though the well-off already pay a smaller share of their income in state taxes than lower-income… -
ITEP Work in Action April 29, 2015 Wisconsin Budget Project: Do All Taxpayers Get the Same Benefit from the Governor’s Income Tax Proposals?
In his State of the State address last week, Governor Walker talked about two tax cuts he plans to make using the state’s projected surplus: a $406 million cut in… -
ITEP Work in Action April 29, 2015 Wisconsin Budget Project: Top 10 Reasons to Increase Tax Credits for Low-income Households
Top 10 Reasons to Increase Tax Credits for Low-income Households Read the full report -
ITEP Work in Action April 29, 2015 Wisconsin Budget Project: Tax Shifts Would Cut Taxes for Richest, Raise Taxes on Others
Expanding the sales tax to pay for income and property tax cuts would harm taxpayers with low incomes – and give large tax cuts to the highest earners. A recent… -
ITEP Work in Action January 21, 2015 Wisconsin Budget Project: Low-income Taxpayers in Wisconsin Pay Much Higher Rate than the Richest
Wisconsin’s state and local tax system is tilted in favor of those with the highest incomes, according to a new report released today. Wisconsin taxpayers with low and middle incomes… -
media mention December 22, 2014 Urban Milwaukee: Wisconsin Taxes and Inequality
Generally speaking, regressive taxes make income inequality greater, progressive taxes reduce it, and neutral taxes have no effect. The organization that has done the most extensive analysis of how state… -
media mention November 3, 2014 LaCrosse Tribune: Act 10 Only Benefitted the Wealthy
According to the institute on Taxation and Economic Policy, the wealthiest 1 percent realized an average income tax cut of $2,518, while those who lost a big chunk of their… -
media mention October 7, 2014 Wisconsin State Journal: Analyses of Tax Mix Proposal Show Bigger Benefit for the Wealthy
The liberal Wisconsin Budget Project has released an analysis by the Institute on Taxation and Economic Policy (ITEP) showing how the tax burden would change for different income groups. Under… -
ITEP Work in Action June 3, 2014 Wisconsin Budget Project: Recent Tax Cuts Deliver Little to People Who Earn the Least
Three major tax cut packages passed by the Wisconsin legislature in the last year have delivered relatively little benefit to the lowest earners, who are struggling to make ends meet.… -
ITEP Work in Action March 20, 2014 Wisconsin Budget Project: New Report Shows Major Corporations Based in Wisconsin Pay Little in State Income Tax
A number of large, profitable corporations in Wisconsin pay little or nothing in state corporate income tax, according to a new report. Loopholes, tax credits, and creating accounting keep… -
ITEP Work in Action February 28, 2014 Wisconsin Budget Project: New Study Finds Large Number of the Major, Profitable Corporations Pay Little in Corporate Taxes
Thursday, February 27, 2014 at 6:16 PM by Jon Peacock This week, on the same day that GOP legislators in Congress were unveiling a plan to sharply reduce federal income… -
media mention February 19, 2014 The Capital Times: Scott Walker redistributes wealth — upward
(Original Post) Scott Walker may not know how to create jobs. But he does know how to create income inequality. The governor’s election-season tax cut scheme is widening the gap… -
media mention February 3, 2014 La Crosse Tribune: Q&A – Gov. Scott Walker’s tax cut proposal
(Original Post) MATTHEW DeFOUR | Wisconsin State Journal | State lawmakers have nearly a billion dollars at their disposal because of higher-than-expected past and future tax revenues. As a result,… -
media mention January 27, 2014 Milwaukee Journal Sentinel: Top wage earners get biggest benefit from Gov. Scott Walker’s tax cuts
(Original Post) That group pays more, would gain most from property tax trim By Jason Stein and Patrick Marley of the Journal Sentinel Jan. 24, 2014 Madison — The top… -
ITEP Work in Action January 27, 2014 Wisconsin Budget Project: Top 5% of Wisconsin Residents Get 18% of Tax Cuts Proposed by the Governor
The distribution of the tax cuts proposed by the Governor isn’t our chief concern about how he would use the projected state surplus. We’re primarily concerned that Governor Walker’s plan… -
media mention January 22, 2014 Milwaukee Courier: Gov. Walker plans massive sales tax hike on the working class
(Original Post) 18 JANUARY 2014 Compiled by Courier Staff It’s no secret that Wisconsin is in poor economic shape. Recent numbers indicate that the state is 38th in private sector…