Friday, June 29, 2007

This is embarrassing for Wisconsin

H/T: Charlie Sykes

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:

Kate said...

Two words..... HOLY CRAP!

Are you hearing Illinois calling your name yet? Criminy!