Should Wisconsin Drop Its Income Tax?
Among our neighbors, both Illinois and Michigan have lower income tax rates than Wisconsin.
Should Wisconsin Drop Its Income Tax? The latest tax map in the United States might add to the debate over whether Wisconsin should end or reduce its personal income tax.
The Tax Foundation's new report looks at income tax rates across the country, and Wisconsin comes in as one of the most taxed states in the Midwest.
The Tax Foundation notes that Wisconsin’s 7.65% tax rate is third highest in the Midwest, behind Minnesota and Iowa; and it's the third-highest among all Great Lakes states. Only New York and Minnesota are higher on that list.
Among our neighbors, both Illinois and Michigan have lower income tax rates than Wisconsin.
“I think a lot of Wisconsinites would be surprised to learn that Illinois of all places has a flat and much lower income tax rate. If Wisconsin wants to attract businesses and residents from high-tax Minnesota and highly regulated Illinois, policyma