Tax burden on Wisconsin businesses decreases

By Katherine Michalets - Freeman Staff

June 11, 2015

MADISON - The tax burden on Wisconsin businesses declined 0.6 percent from 2012 to 2013, according to a national report.

In 2012, Wisconsin ranked no. 38 on the Anderson Economic Group LLC State Business Tax Burden Rankings with $10,988,000 in taxes paid by businesses. The stateís rate was 10.7 percent in 2012.

It moved up three spots in 2013 to 35 on the list with $10,732,000 in paid business taxes for a rate of 10.1 percent tax burden.

The Anderson Economic Group defines business tax burden as the total state and local taxes paid by businesses as a share of pre-tax operating margin.

In 2013, U.S. businesses paid $628 billion in state and local taxes, according to the report.

Both Minnesota and Wisconsin moved up three slots from 2012 to 2013. The rankings report credits Wisconsinís jump on the scale to decreased tax revenue from businesses in nearly every category.

The top states for the least amount of business tax burden were Oregon at 5.6 percent, followed by Louisiana at 6.9 percent, North Carolina and Utah both at 7 percent, Delaware at 7.1 percent and South Dakota at 7.4 percent.

The states that had the most business tax burden were Alaska at 19.8 percent, North Dakota at 16.4 percent, West Virginia at 13.5 percent, Maine at 13.2 percent and Vermont at 13.1 percent.