More on Taxes
Posted by The Asian Badger on July 27, 2007
The State of Wisconsin knows no bounds when it comes to taxes. Indeed, we made The Wall Street Journal earlier in the week and we have also made it into Forbes for, what else, taxes. (Free sign-up may be required.)
The article opens with the following lead paragraph.
“Looking for a retirement tax haven? You might find it close to home.
When John Jazdcyk retired in 2004 from his management job at a Green Bay, Wis. Procter & Gamble (nyse: PG – news – people ) plant, he and his wife, Susan, debated whether to move full-time to their vacation home on Lake Mullet in Cheboygan, Mich. Then they learned that Michigan exempts $81,840 a year in private retirement income per couple, in addition to Social Security, from its 3.9% state income tax. Wisconsin, by contrast, taxes private retirement payments, as it does salary and other income, at 5.6%.”[...]
Here’s a state-by-state comparison of “The Best Places to Die, Tax-Wise from the same article.
K. Carpenter said
Could Wisconsin’s tax climate become any more of an embarrassment than it already is?
Oops! I guess I can answer my own question.
Healthy Wisconsin will make it more of an embarrassment.