Browsing: Taxes

People are leaving Illinois, Minnesota and Iowa and, according to a new study by the Tax Foundation, the loss of state revenue and the population migration are closely tied to punitive tax structures in those states.

Housing market and financing shouldn’t be its concern Key members of the Milwaukee Historic Preservation Commission seem to think their…

Demand for legal cannabis products is elastic, so states must consider this fact when setting tax rates. If taxes are set too high, legalization will not deter users from exiting legacy illegal markets.

A small group of enthusiasts would like to put Milwaukee at the forefront of historical preservation of postmodern architecture. Or at least help a downtown developer get a tax break.

Wisconsinites are very lucky to in the state that they do. And the rest of disaster-ridden America is fortunate to have us living here as well.

Wisconsin has one of the lowest beer taxes in the country at just 6 cents in excise taxes per gallon of beer. The only state with a lower rate was Wyoming, at a mere 2 cents per gallon.

Free-market reforms are driving prosperity and fostering human flourishing in the Dairy State. This unmistakable trend is evident in state economic indicators from recent decades, a hopeful story that can instill pride in all Wisconsinites.

The population of Eau Claire County, now approximately 108,000, has grown almost 10% just since 2010. A little farther west, just across the St. Croix River from Minnesota, St. Croix County has grown 15%.

Slightly more than 60% of school district requests to levy higher property taxes were approved by voters on last Tuesday’s ballots throughout the state — a lower percentage than in recent years but around the historic norm.

A new bill in Madison could, if enacted, result in substantial property tax cuts in many school districts. It would also result in significantly higher state aid for many traditional public school districts where large numbers of children choose to attend independent charter schools or private schools in one of Wisconsin’s parental choice programs.

Have you considered moving to a different part of the state? One important thing to consider is the property tax you’ll pay in a different county. The amounts vary considerably.

Wisconsin’s Republican lawmakers recently introduced Assembly Bill 660, aiming to help employers provide support for working families in meeting the costs of childcare. While the bill’s intentions are commendable, the approach of directly subsidizing employers to create and subsidize childcare slots has proven ineffective in other contexts.

Apart from a few outliers, the data show a correlation between states that Wisconsin taxpayers are moving to and from — and the difference between those states’ top income tax rates and Wisconsin’s.

The Badger Institute favor tax cuts. But the problems with SB 435 are two-fold: unfair tax exemption and poorly targeted tax relief.

Iowa Gov. Kim Reynolds announced the state government finished its fiscal year business with a surplus of $1.83 billion. Wisconsin Gov. Tony Evers vetoed a Republican tax cut.

Social Security already is exempt from income taxes in Wisconsin. Now two Republican legislators are circulating a bill that would virtually eliminate all income taxes on retirees.

It’s telling that Gov. Evers, Sen. Larson and the rest keep using words like “the wealthy” and “rich” to talk about their targets. The Wisconsin income tax is levied not on wealth that people have saved but on income — what they earn. If you say “rich,” with its implications of inheritance or luck, you don’t have to grapple with how taxes take what someone is working for.

Using his partial veto power, Gov. Tony Evers removed the Legislature’s first steps on tax reform for Wisconsin, canceling a simplification of Wisconsin’s income tax rates and a reduction in the rates covering much of the middle class and most of the state’s businesses.

Wisconsinites clearly got some wins in the 2023-2025 biennel budget. Now the task at hand is consolidate and expand those moving forward.

A plan passed by Wisconsin’s Joint Finance Committee saves taxpayers $3.5 billion over two years, money that came from them in the first place because they’re currently overtaxed. Gov. Evers would do well to sign off on that plan.