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

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Wisconsin REALTORS Association

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-- 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 2...

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