Conservatively Speaking
State Senator Mary Lazich (R-New Berlin) represents parts of four counties: Milwaukee, Waukesha, Racine, and Walworth. Her Senate District 28 includes New Berlin, Franklin, Greendale, Hales Corners, Muskego, Waterford, Big Bend, the town of Vernon and parts of Greenfield, East Troy, and Mukwonago. Senator Lazich has been in the Legislature for more than a decade. She considers herself a tireless crusader for lower taxes, reduced spending and smaller government.
Wisconsin is one of the biggest business taxers in the world
By Mary Lazich
Tuesday, Mar 18 2008, 04:38 PM
The nonpartisan research group, the Tax Foundation in Washington D.C. has released a study showing most states in America, including Wisconsin, tax businesses at a higher rate than any other country in the developed world.
Here is how the Tax Foundation came up with its findings. For each state, the Tax Foundation added the state’s corporate tax rate to the federal corporate tax rate. The results:
- 25 states, including Wisconsin have a combined corporate tax rate higher than top-ranked Japan.
- 35 states, including Wisconsin have a combined corporate tax rate higher than third-ranked Germany.
- 46 states, including Wisconsin have a combined corporate tax rate higher than fourth-ranked Canada.
- All 50 states have a combined corporate tax rate higher than fifth-ranked France.
I agree with Tax Foundation president Scott Hodge, who authored the study. Hodge says, “Tax competition for jobs and investment is fierce, and the U.S. continues to fall further and further behind. Our states should be the world's leaders in many things, but high taxation should not be one of them. The high federal corporate tax rate is literally crushing states' competitive abilities. That means fewer jobs for American workers."
Here is the Tax Foundation news release.
Here is the Tax Foundation full study.
