Report: State and local tax burden falls to lowest share of income on record

Wisconsin State Capitol building. Photo by David Wise. September 2022.
Wisconsin State Capitol building. Photo by David Wise. September 2022.

The combined state and local tax burden in Wisconsin fell in 2022 to its lowest share of income on record thanks to a new round of tax cuts and growing salaries, the Wisconsin Policy Forum reports.

In the fiscal year that ended June 30, state and local tax revenues accounted for 10.1 percent of personal income in the state, compared to 10.3 percent in the 2020-21 fiscal year.

Along with the $1 billion a year in state income tax cuts approved for 2021-22, property tax caps helped hold down local revenues. And the state saw personal income grow 6.7 percent in calendar year 2021, the most ...

Please log in to access subscriber content.
If you don't have a subscription, click here for a WisPolitics free trial and to view the different subscription options.
Facebook
Twitter
LinkedIn

Upcoming Events