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Wisconsin's tax collections in past quarter down more than 8 percent

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River Falls,Wisconsin 54022 http://www.hudsonstarobserver.com/sites/all/themes/hudsonstarobserver_theme/images/social_default_image.png
Hudson Star Observer
Wisconsin's tax collections in past quarter down more than 8 percent
River Falls Wisconsin 2815 Prairie Drive / P.O. Box 25 54022

Wisconsinites are still spending a lot less money than they did a year ago.

The Revenue Department said it collected 8 percent fewer taxes from July-September than at the same time in 2008.

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Sales taxes were down 8.7 percent, which reflects a big drop in consumer spending.

Individual income taxes were down 8.1 percent, reflecting the big rise in unemployment.

But corporate taxes rose 9.2 percent.

That was after the governor and Legislature decided to tax more business income, so Wisconsin companies would stop sheltering income to its subsidiaries in states like Nevada with little or no income taxes.

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news@piercecountyherald.com
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