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 PA 003 Wisconsin Department of Revenue WI Gov 2021

Wisconsin 003 2021-2025 Form

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[Music] foreign [Music] we're looking at going through the last budget and trying to plan a tax cut working with the assembly we basically attack the second and the third tax brackets and that's created more of a gap between the 5.3 percent that the vast majority of of income taxpayers pay in Wisconsin until you hit forget what the numbers are essentially and the 7.65 percent so that top tax rate is really becoming an outlier but even the 5.3 percent which removed the second tax bracket second highest tax bracket down to that's still higher than States like Illinois which has a 4.95 flat tax it's so higher than Minnesota which has or Minnesota Michigan which has a 4.25 flat tax Iowa is moving to a 3.9 flat tax states like Tennessee have eliminated their their income tax altogether which ultimately would be where I like Wisconsin to go someday but I realize we maybe have the wrong governor for that we maybe have the wrong governor for this bill as well Se

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