TUE AM Update: Wisconsin taxes as share of income decreases for ninth year in a row

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Association of Wisconsin Lobbyists

From WisPolitics.com ...
-- For the ninth straight year, state and local taxes paid by Wisconsin individuals and businesses dipped as a share of income, according to a new report from the Wisconsin Policy Forum.
The report found both state and local taxes grew 2.3 percent to $31.7 billion in fiscal year 2019-20. But income growth, including wages, employer benefits and business income, outpaced the increase in tax collections, helping drive down the tax burden.
A slowdown in state tax collections ...

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