Wisconsin taxpayers sent $64.3 billion to federal, state, and local governments in 2010, up 2.6% from 2009. The combined tax burden claimed 30.4% of personal income. This year’s tax burden remained below the average of the last 10 years (32.5%).
- Federal tax collections ($39.8 billion) were larger than state ($15.1 billion) and local taxes ($9.5 billion) combined.
- State corporate income tax collections increased 32.6% in 2010, reflecting higher corporate profits and legislated tax increases.
- Net property taxes were up 4.3% in 2010, less than the average annual increase (5.2%) during 2000-10.
Wisconsin’s total tax burden—federal, state, and local taxes as a share of personal income—rose slightly in 2010. Higher tax collections combined with declining personal income resulted in a modest increase. This year’s increase followed a recession-plagued 2009 when tax collections declined significantly, claiming their smallest share of income in over four decades. In 2010, total taxes as a share of personal income (30.4%) remained below the average of the last ten years (32.5%).
TOTAL TAXES
Wisconsin’s total taxes rose 2.6% in 2010 to $64.3 billion from $62.7 billion in 2009. The majority (61.8%) of taxes here were paid to the federal government, with less than a quarter going to the state (23.4%), and even less to local (14.8%) governments. State-local taxes here claimed 11.6% of personal income, compared to 11.3% the prior year. The table on page seven provides 10-year detail of Wisconsin state-local tax collections.