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.
In Governor’s Budget, Tax Cuts Go Mostly to People with Lowest Incomes
Governor Evers’ proposed budget includes changes that would reshape Wisconsin’s tax code to give less of an advantage to wealthy and powerful interests, by reining in wasteful tax breaks for the rich and redirecting some of the benefits to the middle class and people...
