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Report: Tax revenue up, tax burden down
Tax collections are up in Wisconsin, but a report shows that the impact on taxpayers is actually down.
Wisconsin Taxpayers Alliance president Todd Berry says state and local governments collected nearly $27 billion in taxes last year, and that's an increase of 3.2 percent. He says the tax burden fell slightly, because income rose by 4.5 percent.
Berry says the relief came from local governments, because their tax revenue increaed by 0.5 percent from property taxes, while the state saw a 4.8 percent rise in revenue from sales and income taxes.
Berry says federal taxes are a much bigger burden. People in Wisconsin paid nearly $40 billion to the federal government last year.
Wisconsin Taxpayers Alliance president Todd Berry says state and local governments collected nearly $27 billion in taxes last year, and that's an increase of 3.2 percent. He says the tax burden fell slightly, because income rose by 4.5 percent.
Berry says the relief came from local governments, because their tax revenue increaed by 0.5 percent from property taxes, while the state saw a 4.8 percent rise in revenue from sales and income taxes.
Berry says federal taxes are a much bigger burden. People in Wisconsin paid nearly $40 billion to the federal government last year.
posted : January, 24th by WHBY
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