5.17.23. Junjie Guo, Kim Ruhl and Ananth Seshadri. In this report we evaluate five options to lower the income tax rates in Wisconsin, which are higher than the rates in most other states.
Business Formations in Wisconsin April 2023
5.15.23. Junjie Guo. Business applications for April 2023, adjusted for seasonal variation, were 5,229, a decrease of 1.88% from a month ago.
Business Formations in Wisconsin March 2023
4.19.23. Junjie Guo. Business applications for March 2023, adjusted for seasonal variation, were 5,335, a decrease of 0.6% from a month ago.
The Economic Impact of Lowering Income Tax Rates in Wisconsin
2.24.23. Junjie Guo, Kim J. Ruhl and Ananth Seshadri. This CROWE report presents a model of the Wisconsin economy and its tax system, and shows that reducing the state’s individual income tax rates will increase output and household consumption significantly.
Wisconsin’s Sales Tax Regressivity
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.
Wisconsin’s economy: March 2022
3.3.22. Kim Ruhl. By many indicators, the Wisconsin economy has recovered to pre-pandemic levels or beyond, while inflation has run high both in absolute terms and relative to the rest of the United States.
Forecasting the U.S. and Wisconsin Economies in 2022
1.19.22. Junjie Guo and Noah Williams. This paper provides forecasts for the United States and Wisconsin economies in 2022. For each economy, we estimate a mixed-frequency vector auto-regression model using data both before March 2020 and after June 2020, with the extreme observations between March and June 2020 dropped to eliminate their impacts on the model estimates.
Fundamental State Tax Reform: Eliminating the Income Tax in Wisconsin
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.
The Wisconsin State Sales Tax
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.
The Wisconsin State Income 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.