Wisconsin's Tax Freedom Day fifth latest in country MADISON, Wis. (AP) - State, federal and local taxes represent the average Wisconsin resident's annual earnings up to May 9, 2000 this year, almost a week longer than the average American, a study says. Only Connecticut, Wyoming, New York and New Jersey take longer to reach ’tax freedom day," the Tax Freedom Foundation of Washington, D.C., figures. Wisconsin‘s freedom day is nine days earlier than it was in 1999. The organization ranked the state fourth last year. This year's average tax-freedom day nationally is May 3 compared with April 20 in 1992, it says. Other states' freedom days for 2000 range from April 23 to May 18. While the state dropped from fourth to fifth for all taxes, Wisconsin remained in basically the same position for state and local taxes only, said Todd Berry, president of the Wisconsin Taxpayers Alliance. ’My sense of it is that we really haven't moved much. Even more significant is that some of the neighboring states around us have moved rather dramatically," Berry said. Minnesota dropped from third in the nation last year to 13th this year. Michigan went from seventh to 19th. James Haney, president of the Wisconsin Manufacturers & Commerce association, said Wisconsin legislators should lower taxes. ’We hope there will be a renewed commitment to catching up with Minnesota and Michigan in the next legislative session," Haney said. Wisconsin residents have been some of the most heavily taxed in the nation for the past 30 years, Berry said. The Washington tax foundation projects the tax rate for the nation at 33.8 percent this year. The group calculates a state's taxes, then applies the figure to a calendar to provide an illustration of how much of a year's income goes to governments. The foundation said Wisconsin taxpayers will have to work 85 days to pay federal taxes and 45 days to pay state and local taxes.

We hope you found this article helpful.

Search for more government articles related to:
"Wisconsin's Tax Freedom Day fifth latest in country"

Bookmark this Page!