Wisconsin's State and Local Tax Burden
Author : University of Wisconsin. Tax Study Committee
Publisher :
Page : 164 pages
File Size : 36,87 MB
Release : 1959
Category : Taxation
ISBN :
Author : University of Wisconsin. Tax Study Committee
Publisher :
Page : 164 pages
File Size : 36,87 MB
Release : 1959
Category : Taxation
ISBN :
Author : Wisconsin. Governor's Committee on Revenue Sources
Publisher :
Page : 40 pages
File Size : 15,14 MB
Release : 1956
Category : Corporations
ISBN :
Author : Maynard S. Comiez
Publisher :
Page : 528 pages
File Size : 14,25 MB
Release : 1961
Category : Taxation
ISBN :
Author :
Publisher :
Page : 72 pages
File Size : 16,47 MB
Release : 2011-06
Category : Motor vehicles
ISBN :
Author : Wisconsin. Department of Revenue. Division of Research and Analysis
Publisher :
Page : 180 pages
File Size : 31,73 MB
Release : 1979
Category : Families
ISBN :
Author :
Publisher :
Page : 48 pages
File Size : 38,81 MB
Release : 1981
Category : Tax incidence
ISBN :
Author : Wisconsin. Tax Commission
Publisher :
Page : 92 pages
File Size : 19,11 MB
Release : 1918
Category : Taxation
ISBN :
Author :
Publisher :
Page : 8 pages
File Size : 11,29 MB
Release : 2014
Category : Tax incidence
ISBN :
State and local tax burdens are frequently compared and ranked, but the proverbial devil is often in the details. For example, at $20,000 of income, a family of four in Wisconsin had the 33rd highest income tax load in the U.S., but at $75,000 that burden was seventh highest. Similarly, an owner of a $150,000 house in Milwaukee paid $3,846 in 2012 property taxes, fourth highest among large cities across the nation, while a Rice Lake owner paid $3,229, seventh highest relative to other small-town homeowners.
Author : Travis H. Brown
Publisher : How Money Walks
Page : 153 pages
File Size : 30,20 MB
Release : 2013
Category : Income tax
ISBN : 0988740117
Between 1995 and 2010, millions of Americans moved between the states, taking with them over $2 trillion in adjusted gross incomes. Two trillion dollars is equivalent to the GDP of California, the ninth largest in the world. It’s a lot of money. Some states, like Florida, saw tremendous gains ($86.4 billion), while others, like New York, experienced massive losses ($58.6 billion). People moved, and they took their working wealth with them. The question is, why? Why did Americans move so much of their income from state to state? Which states benefitted and which states suffered? And why does it matter? Using official statistics from the IRS, How Money Walks explores the hows, whys, and impact of this massive movement of American working wealth. Consider these facts. Between 1995 and 2010: The nine states with no personal income taxes gained $146.2 billion in working wealth The nine states with the highest personal income tax rates lost $107.4 billion The 10 states with the lowest per capita state-local tax burdens gained $69.9 billion The 10 states with the highest per capita state-local tax burdens lost $139 billion Money—and people—moved from high-tax states to low-tax ones. And the tax that seemed to matter the most? The personal income tax. The states with no income taxes gained the greatest wealth, while the states with the highest income taxes lost the most. Why does this matter? Because the robust presence of working wealth is the leading indicator of economic health. The states that gained working wealth are growing and thriving. The states that lost working wealth lost their most precious cargo—their tax base—and the consequences are dire: stagnation, deterioration, an economic death spiral as they continue to raise taxes and lose people, businesses, and working wealth. The numbers don't lie. ___________________ “When I read How Money Walks, I thought, ‘It’s about time.’ Finally, we have a book that addresses one of our nation’s most critical (yet rarely discussed) fiscal issues: the migration of working wealth as a direct result of personal income tax rates. Brown’s book paints a clear portrait of where money goes and why. How Money Walks should be required reading for anyone who wants to understand why some states struggle to retain people and businesses while others welcome billions of new dollars each year.” Dr. Arthur Laffer Founder and chairman, Laffer Associates and Laffer Investments Former economic advisor to President Ronald Reagan
Author :
Publisher :
Page : 8 pages
File Size : 29,60 MB
Release : 2016
Category : Taxation
ISBN :
Since 2011, state tax and fee collections have grown 13.5%, while local revenues are up 2.5%. Tax collections at both levels of government continue to decline as a share of personal income, due to a combination of state income tax cuts and state-imposed restrictions on local property taxes. State collections grew 2.4% in 2016, while local revenues increased 1.6%.