The following was edited for brevity and clarity. Tony Evers’ response to GOP plans and what a flat income tax could ultimately mean for state coffers. More than $280,950 is taxed at 7.65 percent.įor more on how a flat income tax could affect Badger State taxpayers, Wisconsin Policy Forum research director Jason Stein recently joined WPR’s ' Central Time.' Stein talked about current and historical income tax systems in Wisconsin, Gov.Income tax rates in Wisconsin are currently split into four brackets based on income level:

Vos said a flat income tax plan - which state Senate Majority Leader Devin LeMahieu, R - Oostburg, also embraces - would give everyone in the state a reduction in their taxes, including high-income earners.

'When you find out that it’s significantly cheaper for someone to live in Florida, Arizona, Tennessee or Texas, we certainly can deal with the tax climate to try to keep more of those people in Wisconsin contributing to our long-term viability.' 'Our state is graying faster than the national average, and we have not net new migration,' he said. Citing efforts to retain or attract more people to Wisconsin, state Republicans are urging the adoption of a flat income tax as lawmakers in the Capitol prepare for another round of state budget negotiations this year.įor example, during an appearance Monday on Wisconsin Public Radio’s ' The Morning Show,' Assembly Speaker Robin Vos, R-Rochester, argued a flat income tax would make Wisconsin more competitive with tax rates in other states.

How is sales tax similar to a flat tax?