Madison
75° F
Mostly Cloudy
Mostly Cloudy
Advertisement

Average taxpayer would save $83 under tax cut

Published On: Feb 25 2013 03:06:09 PM CST
Scott Walker
MADISON, Wis. -

The average Wisconsin taxpayer would save $83 under Gov. Scott Walker's proposed income tax cut.

That is according to a new analysis released Monday by the nonpartisan Legislative Fiscal Bureau.

Walker is proposing lowering tax rates for the lowest three brackets starting this tax year.

The analysis shows those who earn more than $100,000 would receive more than 49 percent of the total tax cut Walker is proposing. Those with lesser incomes would see a larger percentage cut, but because they earn less the dollar amount of the reduction would be less than the higher earners.

The largest percentage increase would be those who earn between $25,000 and $30,000. For them, the cut would be 3.3 percent.

The $343 million tax cut is the centerpiece of Walker's two-year budget.

Advertisement
  • James Foley in helmet

    Courtesy Dan Shakal

    Who was James Foley?

    James Foley was an American photojournalist who went missing in Syria almost two years ago. On Tuesday, August 19th, a video, apparently produced by ISIS as a warning to the US to stop air strikes against the group in Iraq, ended with Foley's beheading. Learn more about the life of the man whose his parents call a 'martyr for freedom.'

  • Police lights file 2

    Ridiculous 911 calls

    Have you ever considered calling 911 because of a massive spider in your house? How about because a McDonald's employee got your order wrong? Take a look at some of the strangest reasons people have recently called 911.

  • Credit cards

    Augie Martin/CNN

    Biggest data breaches of all time

    UPS is the latest company to fall victim to a data breach, this one affecting 51 stores in 24 states. Take a look at some of the biggest data breaches of all time.

Advertisement