Today, the Tax Foundation released our new research on Initiative Petition 28 in Oregon, entitled “Oregon Initiative Petition 28: The Threat to Oregon’s Tax Climate.” If adopted, Oregon would rank worst in the nation on...
The facts on Wisconsin’s Tax Climate
7.65%Individual Income TaxTop rate
7.9%Corporate Income TaxFlat rate
$1758Property TaxCollections Per Capita
Wisconsin's Individual Income Tax System
Wisconsin's personal income tax system consists of five brackets and a top rate of 7.65%. That rate ranks 10th highest among states levying an individual income tax. Wisconsin's state and local income tax collections per person were $1183 in 2012 which ranked 12th highest nationally.
50-State Table of Individual Income Tax Rates
50-State Table of State Individual Income Tax Collections
50-State Table of State and Local Individual Income Tax Collections Per Capita
Wisconsin's Corporate Income Tax System
Wisconsin's corporate income tax system consists of a flat rate of 7.9%. That rate ranks 15th highest among states levying a corporate income tax. Wisconsin's state and local corporate income tax collections per person were $163 in 2012 which ranked 15th highest nationally.
50-State Table of Corporate Income Tax Rates
50-State Table of State and Local Corporate Income Tax Collections Per Capita
50-State Table of State Corporate Income Tax Collections Per Capita
Wisconsin Sales and Excise Taxes
Wisconsin levies a 5% general sales or use tax on consumers, which is below the national median of 5.95%. The average local sales tax rate is an additional 0.43%. Wisconsin's state and local governments collect $809 per person in general sales taxes and $492 per person in excise taxes, for a combined figure of $1301, which ranks 15th lowest nationally. Wisconsin's gasoline tax stands at 32.9¢ (12th highest nationally), while its cigarette tax stands at $2.52 (10th highest nationally.)
50-State Table of State and Local General and Selective Sales Tax Collections Per Capita
Wisconsin Property Tax Collections Relatively High
Wisconsin's state and local governments collected approximately $1758 per person in property taxes in 2012, which ranks 12th highest nationally.
State and local property tax collections per capita by state
Tax Freedom Day Arrives on April 22nd in Wisconsin
Tax Freedom Day is the day when Americans finally have earned enough money to pay off their total tax bill for the year. In 2014, Wisconsin taxpayers worked until April 22nd (13th latest nationally) to pay their total tax bill. The Tax Freedom Days of neighboring states are: Iowa, April 13th (ranked 19th earliest nationally); Minnesota, April 29th (ranked 5th latest nationally); Michigan, April 17th (ranked 21st latest nationally); and Illinois, April 28th (ranked 7th latest nationally).
Wisconsin's State and Local Tax Burden Above National Average
Wisconsin's 2011 tax burden of 11% ranks 5th highest out of 50 states, and is above the national average of 9.8%. Wisconsin's taxpayers pay $4477 per capita in state and local taxes.
Wisconsin's State-Local Tax Burden, 1977-Present
Other States' State/Local Tax Burdens
Map of U.S. Showing all State's Burdens and Ranks
Historical Chart Comparing All States' State/Local Tax Burdens from 1977 to 2009
Wisconsin's 2015 Business Tax Climate Index Ranks 43
Wisconsin ranks 43rd in the Tax Foundation's State Business Tax Climate Index. The Index compares the states in five areas of taxation that impact business: corporate taxes, individual income taxes, sales taxes, unemployment insurance taxes, and taxes on property, including residential and commercial property. The ranks of neighboring states are as follows: Iowa, 41st, Minnesota, 47th, Michigan, 13th, and Illinois, 31st.
State Business Tax Climate Index (full study)
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