Friday, July 22, 2011

WI Ranks #4 In States That Pay Higher Taxes

Taxes paid by residents as pct. of income: 11%
Total state and local taxes collected: $41.7 billion
Pct. of total taxes paid by residents: 77.9%
Pct. of total taxes paid by non-residents: 22.1%
According to the Milwaukee Journal Sentinel, Wisconsin relies more on income and property taxes for its revenue than most states. In fact, both are approximately 25% higher than the national averages. The state receives a smaller portion of federal money than most others, leaving little room for this money to offset state spending. Worst still, taxes on industrial property owners rank among the bottom half, and often the bottom third, of the country, while residential taxes are among the greatest. According to a study by the Institute on Taxation and Economic Policy, Wisconsin's middle class pays a bigger share of government spending than any other state, except for New York.

The Walker Admin. is biting the hand that feeds them. The push to alienate the very people that pays for their employment and benefits, should think long and hard about what they are doing. They need the middle class to support their lifestyles, unless ALEC and the Koch brothers will pick up the slack when the middle class is gone.

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