The Wisconsin Taxpayer report for 2009 just came out. Highlights:
Wisconsin has the 10th highest income tax rate in the country, at 3.3 percent.
Because of a change in the maximum property tax a municipality can levy, property taxes have increased 4.5 percent from last year.
Nevertheless, the importance of the income tax in the state budget has been relatively constant since before anybody can remember. It consistently accounts for roughly half of the state’s revenue. Middle class families, who represent about 40 percent of taxpayers, generate about half of that, while upper income taxpayers (more than $100,000), who account for about 10% of the population, pay about 40 percent. Low income individuals (less than $30,000) and families pay the remaining 11 percent.
Minnesota has higher taxes than us, while Iowa, Illinois and Michigan demand a significantly lower tax burden.