Revenue from Wisconsin’s new sales tax to disproportionately benefit wealthy residents
Just a few months from now, Wisconsin will begin collecting an additional $10 million per month from sales taxes on e-commerce, and state officials plan to use that revenue for an income tax cut that will disproportionately benefit wealthy state residents. The 2% of Wisconsinites with the highest incomes will get an estimated 21% of the planned tax cut. Rather than going ahead with a tax swap that once again tilts the tax code in favor of the wealthiest Wisconsinites, state lawmakers should examine other options, such as investing the new revenue into public schools, which have taken major...
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