Wisconsin: Tax Burden Drops To 48-Year Low

The Wisconsin Policy Forum reports state and local taxes as a part of personal income have dropped to levels not seen since 1970.  Taxes accounted for 10-and-a-half percent of income, down a tenth-of-a-point.  The figures represent a seventh straight year of declines.  Analysts say the tax burden dropped mostly because personal income was going up faster than taxes were.  Income for Wisconsin residents jumped by three-point-six percent, while local and federal taxes were up by a combined three percent.