A Drop in WI Tax Burden

This post originally appeared at https://wifamilycouncil.org/radio/a-drop-in-wi-tax-burden/

The Wisconsin Policy Forum reports that state and local taxes in twenty-twenty-two totaled nine point nine percent of personal income, a record low that was driven by rising incomes, state caps on property taxes, and an income tax cut. That dropped Wisconsin to the thirty-fifth highest state and local tax burden, another all-time low. Wis politics reports this continued a two-decade trend of Wisconsin going down in the rankings of the highest-taxed states; in two-thousand, we ranked number three.

Even though some state and local tax revenues increased amid inflation, they were far below national rates. We hope to see this pattern of low taxation continue in years to come in order to help families remain or become independent of government. We know that independent families make for a strong state, and a strong state benefits everyone.