Wisconsin
Trump Tax Proposals Would Provide Richest One Percent in Wisconsin with 50.6 Percent of the State’s Tax Cuts
July 20, 2017 • By ITEP Staff
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.
State Rundown 7/19: Handful of States Still Have Their Hands Full with Tax and Budget Debates
July 19, 2017 • By ITEP Staff
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!
State Rundown 6/28: States Scramble to Finish Budgets Before July Deadlines
June 28, 2017 • By ITEP Staff
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.
Wisconsin Budget Project: Missing Out: Recent Tax Cuts Slanted in Favor of those with Highest Incomes
June 27, 2017
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 Wisconsin residents with the highest incomes. Middle-class residents received less than the wealthy, and residents with low incomes received the smallest tax cut. Read more […]
The Daily Cardinal: Scott Walker to push for new sales tax holiday
September 13, 2016
“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 at the Institute on Taxation and Economic Policy, claims these holidays are ‘really mostly just a political gimmick.’ Wiehe also said in the article that […]
Governing: Back-to-School Tax Holidays Losing Popularity Among Lawmakers
August 30, 2016
“[Tax holidays] don’t help lower-income people much either, according to the left-leaning Institute on Taxation and Economic Policy (ITEP).” Read more
Coalition fights to repeal personal property tax
July 28, 2016
“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 make up the difference in higher real estate taxes.” Read more
Milwaukee Journal Sentinel: Why Wisconsin remains a tax hell
January 12, 2016
“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 local tax rates in each state, based on three income levels. Those income levels are low ($25,000), middle ($50,000) and high ($150,000). According to that […]
The Sheboygan Press: Wisconsin is still a tax hell
December 18, 2015
“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 rates in each state, based on three income levels: low ($25,000), middle ($50,000) and high ($150,000). According to that report, although Wisconsin’s tax rate ranks […]
Wisconsin Budget Project: A Flatter State Income Tax Would Take a Toll on Wisconsin
April 29, 2015
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 taxpayers. Various lawmakers are proposing cutting or “reforming” the state’s income tax code, and a special committee staffed by the Legislative Council will be reviewing […]
Wisconsin Budget Project: Do All Taxpayers Get the Same Benefit from the Governor’s Income Tax Proposals?
April 29, 2015
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 property taxes and an income tax cut. With respect to the smaller portion of that two-part plan the Governor said: “…we will reduce income taxes […]
Wisconsin Budget Project: Top 10 Reasons to Increase Tax Credits for Low-income Households
April 29, 2015
Top 10 Reasons to Increase Tax Credits for Low-income Households Read the full report
Wisconsin Budget Project: Tax Shifts Would Cut Taxes for Richest, Raise Taxes on Others
April 29, 2015
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 policy report that recommends such a “tax shift” overlooks those facts. Read the full report
Wisconsin Budget Project: Low-income Taxpayers in Wisconsin Pay Much Higher Rate than the Richest
January 21, 2015
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 typically pay much higher rates of state and local taxes compared to taxpayers with the highest incomes. Some Wisconsin policymakers are advocating for changes that […]
Urban Milwaukee: Wisconsin Taxes and Inequality
December 22, 2014
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 taxes redistribute income upward or downward is the Institute on Taxation and Economic Policy. Read more
LaCrosse Tribune: Act 10 Only Benefitted the Wealthy
November 3, 2014
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 income realized a tax cut of $197 to $323 per year. It’s the same story with property owners. Most of the savings went to large […]
Wisconsin State Journal: Analyses of Tax Mix Proposal Show Bigger Benefit for the Wealthy
October 7, 2014
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 […]
Wisconsin Budget Project: Recent Tax Cuts Deliver Little to People Who Earn the Least
June 3, 2014
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. In dollar amounts, the largest tax cuts went to the Wisconsin taxpayers who earned the most. If state lawmakers want to cut taxes for Wisconsin […]
Wisconsin Budget Project: New Report Shows Major Corporations Based in Wisconsin Pay Little in State Income Tax
March 20, 2014
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 the amount these corporations pay in income tax to a minimum. A study by the Institute on Taxation and Economic Policy and Citizens for Tax […]
Wisconsin Budget Project: New Study Finds Large Number of the Major, Profitable Corporations Pay Little in Corporate Taxes
February 28, 2014
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 taxes for corporations, a DC-based think tank released a comprehensive study showing that many highly profitable Fortune 500 companies pay little or no federal corporate […]
The Capital Times: Scott Walker redistributes wealth — upward
February 19, 2014
(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 between the very well off and the rest of us by redistributing wealth upward. An analysis of the governor’s initiative by the nonpartisan Institute on […]
La Crosse Tribune: Q&A – Gov. Scott Walker’s tax cut proposal
February 3, 2014
(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, Gov. Scott Walker has proposed more than $500 million in tax cuts. The Legislature will take up the plan as early as Feb. 11. Here’s […]
Milwaukee Journal Sentinel: Top wage earners get biggest benefit from Gov. Scott Walker’s tax cuts
January 27, 2014
(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 20% of Wisconsin wage earners — those making more than $88,000 a year and paying the most in taxes now — would receive 44% of […]
Wisconsin Budget Project: Top 5% of Wisconsin Residents Get 18% of Tax Cuts Proposed by the Governor
January 27, 2014
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 ignores holes in the current budget, and creates a deeper hole in the next one – boosting the structural deficit in 2013-15 to about $825 […]
Milwaukee Courier: Gov. Walker plans massive sales tax hike on the working class
January 22, 2014
(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 job growth in the last two years. Despite Governor Scott Walker’s insistence that his Tea Party reforms are working, families in Milwaukee and across the […]
