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Report: Wisconsin's Tax Burden Drops to 30-year Low

A new study finds that Wisconsin's tax burden has dropped to a 30-year low.The Wisconsin Policy Forum report released Wednesday examines state and local taxes as a share of personal income. A new study finds that Wisconsin's tax burden has dropped to a 30-year low.The Wisconsin Policy Forum report released Wednesday examines state and local taxes as a share of personal income.  |  Photo: WDIO

Updated: December 19, 2018 09:49 AM

MADISON, Wis. (AP) - A new study finds that Wisconsin's tax burden has dropped to a 30-year low.

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The Wisconsin Policy Forum report released Wednesday examines state and local taxes as a share of personal income. The report says that taxes accounted for 10.5 percent of income, down slightly from 10.6 percent last year.

That marks the seventh straight year of declines.

The report says that the tax burden dropped primarily because personal income grew more quickly than did taxes. Income was up 3.6 percent while state and local taxes grew by 2.3 percent and federal taxes went up 0.7 percent.

The nonpartisan group says the tax burden is at its 30-year low thanks largely to rising incomes, low unemployment and state-imposed property tax limits and cuts.

Copyright 2018 The Associated Press. All rights reserved.

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