This two-page brief analyzes the effects of not adjusting the credit for inflation between 1990 until 2010. For many years, the Homestead Credit was the only significant part of the state tax code that wasn’t annually indexed for inflation. That was remedied by the last biennial budget bill, but Governor Walker’s proposed budget would repeal indexing
Wisconsin’s Tax Code Includes Loopholes that Let the Wealthy Dodge Taxes, as Trump Did at the Federal Level
The disclosure that President Trump pays next to nothing in income taxes has highlighted the fact that the federal tax system is stuffed full of loopholes that are only available to the ultra-wealthy. But you don’t have to look to the federal system to find a tax code...