WISTAX Reports
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The Nation's First, The State's Largest
Wisconsin's income tax has become increasingly complex due to incremental changes over the last 15 years. It now has more than 70 possible adjustments to income and offers more than 30 credits.
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Composting the state income tax
Evolution of the state income tax over the years brings to mind composting. Law change is piled on top of law change with little regard for the cumulative effect. Unintended consequences include substantial overwithholding from paychecks, unlegislated tax increases due to inaction and inflation, and a host of odd incentives that impact decisions to marry and separate, work and retire.
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Wisconsin's Fiscal Health
Wisconsin's 2011 official financial statements show the state with a nearly $3 billion GAAP deficit, outstanding debt up nearly 250% since 1994, and unrestricted net assets - those available to pay creditors - of nearly -$10 billion.
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News Blog
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Jobs in 2011, more or less?
It's often difficult to sort through monthly press reports and associated partisan pronunciations about job numbers. Making it even more difficult this year is one source for job numbers says the state lost 33,900 jobs in 2011, while...
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Tax revenues exceeding estimates
As of the end of April, 2011-12 general fund tax collections are up 4.3% over the same period last year. That exceeds original budget projections of 3.0% (for the entire fiscal year) and revised projections in February of 2.2%. With...
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How is Wis. Doing? New Report Card Is RevealingWisconsin's per capita income rose in 2011, the largest increase in five years and enough to bring us closer to Minnesota. Employment is up. But the number of new private businesses in the state dropped and venture capital investments declined. Read all that and more in our annual report card tracking progress in six areas. Continue Reading |
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