5. Wisconsin Taxes paid by residents as pct. of income
: 11.1% Total state and local taxes collected
: $24.39 billion (16th highest) Pct. of total taxes paid by residents
: 77.7% (8th highest) Pct. of total taxes paid by non-residents
: 22.3% (8th lowest)
Wisconsin’s heavy tax burden on residents comes from the state’s tax structure. The Milwaukee Journal Sentinel
noted in 2010 that the Wisconsin relies heavily on property and income taxes since it doesn’t collect as much in user fees such as tolls and garbage collection rates. Because property taxes were the same rate across the state a larger share of the tax burden was placed on middle-income homeowners compared to states where the wealthy have higher tax burdens. Meanwhile, Wisconsin’s cigarette and gas excise taxes were both among the 10 highest in the U.S.
(iStock) More From 24/7 Wall St.
: America’s Worst Companies to Work for States Losing the Most Jobs to China The 10 Poorest Countries in the World The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.