Itemized deductions for income tax disproportionately benefit higher-income tax filers, but Wisconsin is better than many states in how we approach this issue. Click on over to the Wisconsin Budget Project blog to read more.
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.
How Will Competing Tax Cut Proposals Affect Wisconsinites?
With the Bush tax cuts set to expire at the end of this year, Democrats and Republicans have put forward different proposals for extending selected aspects of the cuts. The Wisconsin Budget Project Blog takes a look at the two proposals to see how they would affect Wisconsin residents.
Wisconsin Budget Project Releases Analysis of Stimulus Benefits
Tomorrow marks the 18-month anniversary of the Recovery Act. At the Wisconsin Budget Project, we're breaking out the cake and candles and have also released a new report that focuses on direct benefits that Wisconsinites are receiving as part of the stimulus effort. Between February 2009 and May 2010, Wisconsin residents received more...
Can We Kiss Refund Anticipation Loans Goodbye?
The IRS has announced a change that makes it harder for tax preparers to offer refund anticipation loans to income tax filers. The newest Wisconsin Budget Project blog post explains why this is a welcome development.
Lower Unemployment Rate Means Fewer Weeks of Benefits
Wisconsin's unemployment rate, though still high, is slowly dropping. What could be bad about that? Today's post at the Wisconsin Budget Project blog manages to find the dark cloud around the silver lining, and explains why lower state unemployment rates can result in fewer weeks of unemployment benefits available for out-of-work...
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