October 7, 2014

Wisconsin State Journal: Analyses of Tax Mix Proposal Show Bigger Benefit for the Wealthy

media mention

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 one scenario highlighted in the study as being the most balanced, ITEP projects the top 1 percent of earners would see a 0.6 percent reduction in taxes, the biggest percent decrease, while the bottom 60 percent would all see slight increases in taxes.