Aside from the bitter cold, there might soon be a better reason to avoid living in or moving to Wisconsin. The Tax Foundation’s policy blog reports that if new legislation is passed, Wisconsin will have the largest tax burden out of all the states.
Earlier this week the Wisconsin Senate passed a $15.2 billion tax increase – which if enacted would be by far the largest tax increase ever enacted by any state. See our blog post about it here. . . .
Wisconsin’s tax burden is 12.3 percent of state income in 2007– ranking it 7th highest in the nation. Wisconsin has ranked in the top ten of our tax burden study every year for the 37 years we have calculated them-from 1970 to 2007. 7th is the lowest rank for Wisconsin since 1980.
However, if the $15.2 billion tax increase were in effect for 2007, Wisconsin’s tax burden would increase to 19.3 percent and rank 1st- 5.2 percentage points higher than Vermont’s 14.1 percent tax burden that currently ranks highest nationally.
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