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Wisconsin tax collections down nearly 4 percent

By ASSOCIATED PRESS   Friday, April 24, 2009 - 10:46 a.m.
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MADISON, Wis. (AP) — In another sign of the recession, Wisconsin's tax collections are down nearly 4 percent this year compared to last.

The Department of Revenue reported the latest figures for March on Friday. They show a decline in all taxes collected so far this year, except excise taxes. A 39 percent jump there is due to a $1 increase in the cigarette tax that took effect in January.

Year to date, sales tax collections are down 2.2 percent from 2008 and income tax collections are down 2.7 percent. Corporate taxes are off a whopping 30 percent.

Sagging tax collections are a large reason why the state faces a projected $5 billion budget shortfall by mid-2011.




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(14)
anotheropinion
Apr 25, 2009 at 2:18 p.m.
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Just don't forget we have the chance to tell Jim Doyle what we really think of his "leadership" next year. Dump Doyle and let's get this state back on track!

RetiredAirForce
Apr 25, 2009 at 12:26 a.m.
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"That works out to about 2% as corporate taxes account for 7% of state revenues."
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You are missing much of the revenue in this. Almost 50% of the state revenue is from property taxes alone...this is paid by property owners including businesses and corporations. The tax numbers you quote are on corporate profits; after all the deductions for this, depreciations for that, and losses for whatever. The corporate profits tax revenue will only increase if the government restructures the overly complex and wasteful tax code.

gpawcat
Apr 24, 2009 at 10:45 p.m.
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I just read gov Doyles bio and he says he "inherited a 3.2 billion hole, and he balanced the budget without hurting schools or raising taxes". Actually I stopped reading after that second paragraph.

pharm
Apr 24, 2009 at 8:13 p.m.
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I love the rhetoric, "corporate taxes off a whopping 30%." That works out to about 2% as corporate taxes account for 7% of state revenues. Over 67% of corporations pay no tax, even when they make money. From 1978 to 2005, corporate tax receipts went from $913 million to $890 million, while income doubled to $1.5 trillion in the same period, in 2007 dollars. Wisconsin, just like the federal government is taking a beating every year on corporate taxes. When it`s time to balance the budget it is the individual taxpayer that is asked to pony up.

SuperDave
Apr 24, 2009 at 4:41 p.m.
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A four percent reduction is rather trivial, compared to the reductions in income many actual people have experienced! My proposal - cut state spending by 8 per cent. This would leave a nice surplus for the next fiscal year.

rooster
Apr 24, 2009 at 4:36 p.m.
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i wish janesville city council and school board would see the light. those two are addicted to spending our money.

imatim2
Apr 24, 2009 at 4:20 p.m.
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The "all knowing Oz" has spoken. So, fee increases and tax increases didn't happen this past year in Wisconsin? And our state sentor's, assemblymen's and governor's compensation is exactly the same as it was 12 months ago? I think that is what RetiredAirForce was talking about, Janesvillean.

janesvillean
Apr 24, 2009 at 2:40 p.m.
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RetiredAirForce, Doyle's budget does not increase state worker pay, cuts programs, closes facilities, and consolidates functions. I'm not sure what you're talking about, but it isn't the current Wisconsin budget proposal.
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The State Constitution, by the way, which has been in force for 161 years, requires the state balance its budget.

Kay5
Apr 24, 2009 at 12:45 p.m.
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You see the ones on the Public payroll still getting their raises and perks tho.

comet65
Apr 24, 2009 at 12:25 p.m.
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maybe government should get the message from all of us when there's less money.... SPEND LESS... governor 'no tax increase' jimmy, ARE YOU LISTENING?????

RetiredAirForce
Apr 24, 2009 at noon
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What do taxpayers do when their revenues [income] decline; spend less. What does the govt do; raise taxes, fees, and their own wages. Pathetic.

CIM
Apr 24, 2009 at 11:56 a.m.
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Ugh. If tax collections are down, then you know that the money to make up the difference will have to come from somewhere...

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