11.1.22. Junjie Guo and Kim J. Ruhl. It is widely believed that sales taxes are regressive: The total sales tax paid by a low-income household represents a greater share of its income compared with a high-income household.
12.16.21. Noah Williams. The state of Wisconsin has the oldest continuously operating state income tax in the United States. In this report I develop and analyze a plan to dramatically change that history.
11.11.21. Noah Williams. In addition to income taxes, which were discussed in my previous brief, the other main source of general purpose revenue for the state of Wisconsin is the general sales tax.
11.4.21. Noah Williams. The state of Wisconsin has the oldest continuously operating state income tax in the United States. In this brief I discuss some of the history and background of the state income tax, as well as the current distribution of taxes and effective tax rates.
9.8.21. Junjie Guo, Noah Williams, Zhuoer Ren, and Qi Yang. We study how the state corporate tax rate and 15 measures of the state corporate tax base have been evolving since 1980, with a particular focus on changes in the last decade.
6.22.21. Junjie Guo and Noah Williams. As an amendment to our initial report on June 17 titled “Middle Income Tax Reform Options for Wisconsin”, we evaluate the potential impacts of cutting the third income tax rate from 6.27% to 5.3%, a proposal approved by the Joint Committee on Finance on the same day.
3.19.21. Noah Williams. The Wisconsin Department of Revenue has recently released some summary statistics from Wisconsin state income tax returns, covering the years 2014-2019. These data provide insight on the distribution of income and income taxes in the state.
2.12.21. Noah Williams. While the early months of the COVID-19 pandemic put stress on the budgets of state and local governments around the country, their tax revenues have since rebounded. In addition, the federal government has already allocated substantial aid to these governments, which has more than offset the losses they have suffered.
2.21.20. Junjie Guo and Noah Williams. We evaluate the effects of the expansion in the standard deduction proposed recently in AB 910 by Wisconsin lawmakers. We find it would reduce taxes for about 2 million taxpayers and reduce state tax revenue by about $200 million, so the reduction per affected taxpayer is about $100.
1.6.20. Zhigang Ge. The recent tax policy debate has largely focused on increasing taxes on top earners. Many policies have been proposed with the clear goal of raising tax revenues, such as increasing top income tax rates or imposing wealth taxes.