Income growth reduces Wisconsin tax burden

January 16, 2020

Growth in personal income helped push down the share of income Wisconsinites paid in state and local taxes in fiscal year 2019, according to a new report from the Wisconsin Policy Forum.

The drop from 10.4% in 2018 to 10.3% in 2019 marks the eighth straight year the state’s tax burden has declined. It’s the lowest tax burden in Wisconsin Policy Forum records, which date back to 1970.

Total state and local tax revenues increased by 4.5% in fiscal 2019 – the most since 2011 and nearly twice as much as they rose in 2018 (at 2.3%). But total personal income in Wisconsin grew more quickly, increasing to 5.1% (up from 3.6% in 2018), according to the report.

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