Saturday, April 26, 2008

Tax Hell

From Mike Huebsch's Weekly E mail updates.

According to the Tax Foundation, the average Wisconsin taxpayer has to work 115 days this year just to pay off their federal, state and local taxes.
Wisconsin’s combined federal, state and local tax burden was ranked 14th worst in the nation. Of our neighboring states, only Minnesota (8th) ranked worse: Iowa was 34th worst, Michigan was 31st, and Illinois was 16th.
Closer to home, the Tax Foundation noted Wisconsin’s state and local tax burden, at an estimated 12.3% of income, ranks 7th highest nationally for state and local taxes, well above the national average of 11.0%.

If you had to move and you had to choose from Iowa or Michigan, what would you do? I guess I would take the U P. Corn camp followers are not my cup of tea. I 'd take the north woods. A tax rate of 31 is sure better then 14th.

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