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No.

Among Midwestern states, Minnesota has the highest income tax rate in the highest-income tax bracket — 9.85% for an individual with annual income over $183,340.

Wisconsin is next, at 7.65%, for individuals earning over $304,170.

Illinois and Michigan both have flat tax rates of 4.95% and 4.25%, respectively. Iowa currently has a 6% top tax bracket but is phasing in a 3.9% flat rate by tax year 2026.

The Wisconsin Legislature approved a 2023-25 state budget, awaiting action by Gov. Tony Evers, that would eliminate one of the four tax brackets and reduce all income tax rates.

Wisconsin’s top rate would drop to 6.5%. Residents earning $1 million or more would save an average $30,286.A Wisconsin 3.25% flat tax would raise gross state product 4.5% and after-tax household income 5.27% and drop tax revenue 16.8%, the University of Wisconsin-Madison Center for Research on the Wisconsin Economy said in a February 2023 report.

This fact brief, originally published by Wisconsin Watch, is responsive to claims such as this one.

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3 Comments

  1. The working class Republicans of neighboring Republican states that already have flat income taxes or are lowering taxes on the highest income categories are voting to subsidize the rich. I wonder if they understand this and if so, think it wise?

  2. How about showing what the tax rates on the rich used to be before Reganomics?

  3. You posted that Minnesota taxes ” 9.85% for an individual with annual income over $183,340.” The preposition should be “on” not “with”.

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