LFB releases analysis of Kooyenga transpo and tax plan

Some Wisconsinites would end up paying more in income taxes under Kooyenga’s plan compared to current law, according to a new analysis by the Legislative Fiscal Bureau.
Those paying more would fluctuate over the next dozen years as the state moved toward a 3.95 percent flat tax and eliminated some exemptions. Along the way, Wisconsin would move from four tax brackets that range from 3.95 percent to 7.65 percent while eliminating the alternative minimum tax, the property tax/rent credit, the married couple credit and others.
For example, in tax year 2018, just more than 2 million Wisconsinites ...

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