Wisconsin families who live in rural counties are the most likely to benefit from the state Earned Income Tax Credit (EITC), according to a new report from the Wisconsin Budget Project. The EITC provides a huge boost for Wisconsin’s rural economy and acts as an important resource for working families battling to stay out of poverty. ...
Tax and Budget
The state budget and the taxes that help finance it have a huge impact on children and families. The budget provides most of the funding for vital government services, such as education, health care, transportation, child welfare and other safety net programs.
For more detailed analysis, visit the Wisconsin Budget Project website.
Invest Resources to Collect Taxes Owed
Wisconsin should devote additional resources to collecting unpaid taxes that are owed to the
state. Increasing the amount of money and staff devoted to enforcing state tax laws would
increase the amount of revenue available to fund vital public services and also reduce the unfair burden on citizens who already pay the
taxes they legally owe.
Treat Profits from Investments the Same as Income from Work
For tax purposes, Wisconsin should treat profits from investments the same as income from
work. Currently, Wisconsin gives preferential treatment to profits from investments, which results in tax breaks for the best off. Most other states treat profits from investment the same as
income from work.
2013 Policy Priorities for Wisconsin’s Children and Families
WCCF advocates based on what the evidence shows is best for children and families. Taken together, the following policy priorities point towards a future that fulfills the promise of our state motto, “Forward,”
KIDS COUNT Data Feature: EITC Critical to Wisconsin Families All Across the State
Working families across Wisconsin benefit from a state and federal tax credit that offers families a step up and a way out of poverty. The Earned Income Tax Credit (EITC) gets and keeps people working, since it can only be claimed by people who earn income through work, and the credit is structured to encourage people to work more...
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