July 22, 2011

Wisconsin, tax hell.

Remember this the next time the democrats, press and unions (but I threepeat myself) tell you we aren't highly taxed.

States Where People Pay the Most (and Least) in Taxes

4. Wisconsin
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.

Just to confirm we are #4 on the highest taxed list, not the lowest taxed list.

By the way, Sarah Palin isn't the only reason the left hates Alaska.  Alaska was the lowest taxed state.

1. Alaska
Taxes paid by residents as pct. of income: 6.3%
Total state and local taxes collected: $18.8 billion
Pct. of total taxes paid by residents: 20.5%
Pct. of total taxes paid by non-residents: 79.5%
Alaskans have the lowest tax burden of any state in the country, paying just 6.3% of their income in state and local taxes. This is over one full percentage point lower than the state with the second smallest tax burden. According to the Tax Foundation, "Before the Trans-Alaska pipeline was finished in 1977, taxpayers in Alaska bore the second-highest tax burden in the country. By 1980, with oil tax revenue pouring in, Alaska repealed its personal income tax and started sending out checks instead. The tax burden plummeted, and now Alaskans are the least taxed." The state also levies no personal income tax or sales tax.

It appears that the way to lower taxes is to embrace BIG OIL...

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