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May 14, 2007

Hide Your Wallet

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Wisconsin is the 7th highest taxed state in the nation and 10% above the national average.

The Wisconsin Taxpayers Alliance says state residents paid an average of more than $500 per person last year in mostly small, "hidden" federal and state taxes that are often misunderstood or go virtually unnoticed. "Forgotten Taxes," a new WISTAX report, examines these, as well as telecommunications, utility, real estate, and other small taxes that together generated more than $500 million in 2006.

The latest budget proposals in Madison seek to to raise taxes and fees by over $1.7 billion, the biggest tax increase in Wisconsin history. Everything from taxes on hospitals, nursing home beds, college applications, dry cleaning, music downloads, cigarettes, hunting and fishing licenses.