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mokawanis

(4,440 posts)
Thu Jun 5, 2014, 09:17 PM Jun 2014

Upper 1 percent got biggest savings from Wisconsin tax cuts.

http://host.madison.com/news/local/writers/mike_ivey/report-upper-percent-got-biggest-savings-from-wisconsin-tax-cuts/article_67382fc8-ecd2-11e3-adc1-001a4bcf887a.html#ixzz33ojmCWst

The income and property tax cuts passed by the Wisconsin Legislature over the past two years are doing little to help those who could most use a few more dollars to spend on groceries, rent or utility bills, says a new report.

The bottom 20 percent in the state — those with an average income of $14,000 — saw just $48 in savings from some $1.1 billion in tax cuts, according to an analysis from the Wisconsin Budget Project.

By comparison, the upper 1 percent in Wisconsin — those with average incomes of $1.1 million — received $2,518 in savings.

In fact, the wealthiest 20 percent of Wisconsin taxpayers are grabbing more than half of the tax cuts being touted by Gov. Scott Walker as part of his reelection campaign.


Thanks for (almost) nothing, Walker!
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