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$83 tax break for average Wisconsin family under Gov. Walker's proposal

by
tax preparation
tax preparation

MADISON, WI (WTAQ) - The average Wisconsin family would get an income tax break of $83 a year under Governor Scott Walker’s proposed tax cut.

The state government’s non-partisan Fiscal Bureau came up with the figure – and it’s almost $25 less than what another a liberal fiscal agency had projected a few days ago.

The Republican Walker wants to use a surplus of $343-million in the current budget to give income tax breaks over the next two years.

The Fiscal Bureau said the top 25% of Wisconsin households would get more than half of what’s being returned. But lower-income families in the 30-thousand-dollar range would get the largest percentage tax cut, at three-point-three percent.

Walker has proposed reductions in the three lowest tax brackets among the five the state uses.

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