A Flatter State Income Tax Would Take a Toll on Wisconsin
A proposal to change Wisconsin’s tax system could cut taxes for high earners, even though the well-off already pay a smaller share of their income in state taxes than lower-income taxpayers.
Various lawmakers are proposing cutting or “reforming” the state’s income tax code, and a special committee staffed by the Legislative Council will be reviewing those ideas and developing recommendations. Although it’s still unclear what direction that might take, one of the ideas mentioned frequently is to “flatten” Wisconsin’s income tax, which would reduce the income tax paid by the highest earners. Read full publication.