Average taxpayer would save $83 under tax cut - WQOW TV: Eau Claire, WI NEWS18 News, Weather, and Sports

Average taxpayer would save $83 under tax cut

Posted:
By Matthew Hippe - email

MADISON (WKOW) -- The average Wisconsin taxpayer would save $83 under Gov. Scott Walker's proposed income tax cut. 

That's according to a new analysis released Monday by the nonpartisan Legislative Fiscal Bureau. 

Walker is proposing lowering tax rates for the lowest three brackets this tax year. 

The analysis shows those who earn more than $100,000 would receive more than 49 percent of the total tax cut Walker is proposing. Those with lesser incomes would see a lager percentage cut, but because they earn less the dollar amount of the reduction would be lass than the higher earners. 

The largest percentage increase would be those who earn between $25,000 and $30,000. For them, the cut would be 3.3 percent. 

The $343 million tax cut is the center piece of Walker's two-year budget. 

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