FDA Ban on Flavored Cigars Could Cost $836 Million in Annual Excise Tax Revenue
The FDA’s proposal to ban flavored cigars would carry significant revenue implications for many state governments.
7 min readHow does Wisconsin’s tax code compare? Wisconsin has a graduated state individual income tax, with rates ranging from 3.50 percent to 7.65 percent. Wisconsin has a 7.9 percent corporate income tax rate. Wisconsin also has a 5.00 percent state sales tax rate and an average combined state and local sales tax rate of 5.70 percent. Wisconsin has a 1.38 percent effective property tax rate on owner-occupied housing value.
Wisconsin does not have an estate tax or inheritance tax. Wisconsin has a 32.9 cents per gallon gas tax rate and a $2.52 cigarette excise tax rate. The State of Wisconsin collects $5,700 in state and local tax collections per capita. Wisconsin has $8,464 in state and local debt per capita and has a 100 percent funded ratio of public pension plans. Overall, Wisconsin’s tax system ranks 24th on our 2024 State Business Tax Climate Index.
Each state’s tax code is a multifaceted system with many moving parts, and Wisconsin is no exception. The first step towards understanding Wisconsin’s tax code is knowing the basics. How does Wisconsin collect tax revenue? Click the tabs below to learn more! You can also explore our state tax maps, which are compiled from our annual publication, Facts & Figures 2024: How Does Your State Compare?
The FDA’s proposal to ban flavored cigars would carry significant revenue implications for many state governments.
7 min readA marriage penalty exists when a state’s income brackets for married taxpayers filing jointly are less than double the bracket widths that apply to single filers. In other words, married couples who file jointly under this scenario have a higher effective tax rate than they would if they filed as two single individuals with the same amount of combined income.
2 min readWhile many factors influence business location and investment decisions, sales taxes are something within policymakers’ control that can have immediate impacts.
12 min readGiven the state’s strong budget surplus and projected continued revenue growth, Wisconsin is in a prime position to enact pro-growth reforms to improve the state’s competitive standing for decades to come.
54 min readIf the policy goal of taxing cigarettes is to encourage cessation, vapor taxation must be considered a part of that policy design.
4 min readWhile Wisconsin has long been one of the highest-tax states in the nation, that distinction is increasingly detrimental as businesses and individuals enjoy increased economic and geographic mobility.
6 min readThe Kansas experience is so infamous that “what about Kansas?” is almost guaranteed to be a question—sometimes as a retort, but often a genuine expression of concern—any time any state explores tax relief. But what about the other two dozen states that have cut their income taxes since then?
6 min readWhich states have the highest property taxes in 2022? See how your state compares in property taxes across the United States
3 min readThe sales tax is too important a part of states’ revenue toolkits to be permitted further erosion, making sales tax modernization a vital project of the 2020s.
17 min readRanking unemployment insurance tax codes on the 2022 State Business Tax Climate Index. Learn more about state unemployment insurance tax code and systems.
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