Business & Tech
Where Wisconsin Ranks On Tax Burden
A recent analysis by 24/7 Wall St. determined which states tax their residents most, and which states tax least. See where Wisconsin ranks.
MILWAUKEE, WI —It’s tax season, and while every American is subject to the same federal tax code, state and local tax codes often vary, meaning residents in some states, including YOURSTATE, end up paying significantly more taxes than others.
A recent analysis by 24/7 Wall St. looked at the financial burden of taxes on residents in all 50 states. The state with residents paying the most taxes ranked 1st, while the state with residents paying the least ranked 50th.
Overall, Wisconsin ranked 19 out of 50 states.
Find out what's happening in Mount Pleasant-Sturtevantfor free with the latest updates from Patch.
To determine Wisconsin’s overall ranking, 24/7 Wall St. took into account the average income per capita — or per person — and the percentage of taxes they pay in comparison to their income. The analysis also considered the average income, property and sales tax paid per person. The weight of each measure in determining the state’s overall score was not disclosed.
Here are the averages used from Wisconsin, which came in ranked 19th in the U.S.:
Find out what's happening in Mount Pleasant-Sturtevantfor free with the latest updates from Patch.
> Taxes paid as pct. of income: 9.9 percent
> Income per capita: $49,290
> Income tax collections per capita: $1,345
> Property tax collections per capita: $1,655
> General sales tax collections per capita: $969
Data on state and local tax collections came from the U.S. Census Bureau’s 2017 Census of Governments. Data on personal income and population was collected from the Bureau of Economic Analysis.
If you’re not a fan of taxes, 24/7 Wall St. says these are the states where residents pay the least taxes:
- Alaska
- Tennessee
- Florida
- Oklahoma
- Arizona
- Alabama
- Wyoming
- Missouri
- South Carolina
- New Hampshire
On the other hand, residents of New York, North Dakota and Hawaii pay the most taxes, respectively.
Get more local news delivered straight to your inbox. Sign up for free Patch newsletters and alerts.