Things We Thought We’d Never See at the Tax Foundation, But Thanks to the Wisconsin Senate ….
- state legislative body has voted to double its tax collections in one year.
The Wisconsin Senate passed a budget plan to increase taxes $15.2 billion in fiscal year 2009. That would more than double Wisconsin's tax collections of $13.8 billion in fiscal year 2006, according to the latest available data from the Census Bureau.
- A state legislative body has voted to raise taxes by almost the same amount as the state's taxpayers send to the federal government in income tax payments.
The $15.2 billion tax increase is only slightly less than the $15.8 billion Wisconsin taxpayers sent to the IRS for income taxes in 2005. And that's just the increase!
- A state legislative body has voted a tax increase equivalent to 50 percent of general fund revenue. See Table 1.
able 1: Top Ten Tax Increases at the State Level, Compared to Wisconsin Senate Budget (Percentage of State General Fund Revenue), 2000 - 2009 | |||
Rank | State | Tax Increase as a Percentage of State General Fund Revenue | Year |
N/A | Wisconsin* | 50% | 2009 |
1 | Nevada | 14.05% | 2004 |
2 | New Hampshire | 13.54% | 2000 |
3 | Tennessee | 11.75% | 2003 |
4 | Nevada | 10.43% | 2005 |
5 | Indiana | 10.08% | 2003 |
6 | Idaho | 8.87% | 2004 |
7 | New Hampshire | 7.52% | 2001 |
8 | Oregon | 7.5% | 2004 |
9 | New York | 6.2% | 2004 |
10 | Ohio | 6.09% | 2004 |
* Proposed. The ten ranked tax increases were signed into law. Wisconsin's tax increase has passed the Senate but still must be considered by the General Assembly and signed by Gov. Doyle. |
Oh there is more. See the rest here.
1 comment:
Two words..... HOLY CRAP!
Are you hearing Illinois calling your name yet? Criminy!
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