Gov. Walker's office to examine future of state income tax - WQOW TV: Eau Claire, WI NEWS18 News, Weather, and Sports

Gov. Walker's office to examine future of state income tax

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Madison (WQOW) - It's a $7 billion question being asked across the state: should Wisconsin dump the state income tax? Governor Walker says his administration will look at whether it's feasible to eliminate the state income tax.

In the 2011-12 year, the state collected $7.04 billion in income taxes. (Click here to read the tax collections report from the Wisconsin Legislative Fiscal Bureau.) The question then becomes, what would Wisconsin do to make up for the lost revenue? Several other states do not have state income tax, so if the Governor Walker's office is serious about the idea, we may hear more about how the process works in other states.

Last week, the lieutenant governor and revenue secretary held the first in a series of roundtable discussions with business leaders about taxes. The event was held in Beloit and was closed to the media.

We asked viewers their thoughts on the idea: should Wisconsin consider dropping the state income tax? Several have weighed in. 

"If he does this, sales taxes will skyrocket, unless Mr. Walker is magic and can summon money from nowhere," says Isaiah.

"The great thing about a no income tax, higher state sales tax model, is that as a resident, you really get to choose," says Drew.

Feel free to share your two cents on our Facebook page.

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