Browsing: Taxes

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.

The Badger Institute supports a flat-rate individual income tax, a structure increasingly adopted by competing states. We have spent years researching options for reform that includes a single, low rate. But if that is out of the question as budget negotiations proceed, the priority should be Wisconsin’s top rate.

Among the bills Republicans are considering in the Legislature is one eliminating the last remnants of Wisconsin’s personal property tax. The bill, AB2, sponsored by Rep. Dan Knodl (R-Germantown), would end property taxes on everything but real estate.The move is one the Badger Institute long has advocated.

America is choosing sides and Wisconsin — given the lurch to the left along its borders — can greatly benefit.

Minnesota, Illinois and Michigan are all now among America’s 17 thoroughly blue states where Democrats control both chambers of the legislature as well as the governor’s mansion. We are just one of 11 states with divided government, according to Ballotpedia, and Iowa is one of 22 states that is totally red.

The Hop cost $15.03 per ride in operating expenses, never mind the cost of rails and wires — not a dime of it paid by passengers. It’s why the Legislature is doing Milwaukee a favor when it says, “enough.”