Revenue Wisconsin Gov: A Comprehensive Guide
Introduction
Hey readers! Are you curious about the revenue collected by the great state of Wisconsin? If so, this in-depth article will provide you with all the information you need. From tax rates to spending allocations, we’ve got you covered. So, grab a cup of coffee and let’s dive into the world of revenue Wisconsin gov.
Taxes and Revenue Streams
Income Tax
Wisconsin has a progressive income tax system, meaning that higher earners pay a higher percentage of their income in taxes. The state’s income tax rates range from 3.54% to 7.65%.
Sales Tax
Wisconsin also has a 5% statewide sales tax that applies to most goods and services. Certain items, such as groceries and prescription drugs, are exempt from sales tax.
Property Tax
Property taxes are levied by local governments in Wisconsin. The amount of property tax you pay will depend on the value of your property and the tax rate set by your local municipality.
Spending Allocations
How does the state of Wisconsin spend the money it collects? Here’s a breakdown:
Education
Education is a top priority for Wisconsin, with over 40% of the state budget dedicated to K-12 and higher education.
Healthcare
Wisconsin spends over 20% of its budget on healthcare programs, including Medicaid, Medicare, and long-term care.
Transportation
Transportation infrastructure is another important area of spending, with approximately 15% of the budget allocated to road and bridge construction, maintenance, and mass transit.
Revenue Wisconsin Gov: Detailed Breakdown
For a more comprehensive overview of the state’s revenue sources and spending allocations, check out the table below:
| Revenue Source | Amount |
|---|---|
| Income Tax | $25 billion |
| Sales Tax | $10 billion |
| Property Tax | $12 billion |
| Other Sources | $5 billion |
| Total Revenue | $52 billion |
| Expenditure Area | Amount |
|---|---|
| Education | $22 billion |
| Healthcare | $13 billion |
| Transportation | $8 billion |
| Other Expenses | $9 billion |
| Total Expenditures | $52 billion |
Conclusion
There you have it, folks! This article has provided you with a thorough understanding of revenue Wisconsin gov. Whether you’re a taxpayer, a business owner, or simply a curious citizen, we hope you found this information helpful. If you’d like to learn more about Wisconsin’s finances and other interesting topics, please feel free to check out our other articles.
FAQs about revenue.wisconsin.gov
What is revenue.wisconsin.gov?
revenue.wisconsin.gov is the official website of the Wisconsin Department of Revenue (DOR). It provides information about taxes, fees, and other revenue-related matters in Wisconsin.
Can I access my tax information on revenue.wisconsin.gov?
Yes, you can access your tax information on revenue.wisconsin.gov by creating an account. Once you have an account, you can view your tax returns, make payments, and check your refund status.
How do I file my taxes online?
You can file your Wisconsin taxes online using the DOR’s online filing system. You will need to create an account and gather your tax information before you can file.
How do I make a tax payment online?
You can make a tax payment online using the DOR’s online payment system. You will need to create an account and gather your payment information before you can make a payment.
Can I get help with my taxes from the DOR?
Yes, you can get help with your taxes from the DOR by calling the DOR’s toll-free number, 1-800-221-8101, or by visiting a DOR office in person.
What is the deadline for filing my Wisconsin taxes?
The deadline for filing your Wisconsin taxes is April 15th. However, you may be able to file an extension if you need more time.
What are the penalties for filing my taxes late?
The penalties for filing your taxes late vary depending on how late you file and how much you owe. You may be charged a late filing fee, a late payment fee, and interest on any unpaid taxes.
How can I get a refund of my Wisconsin taxes?
If you overpaid your Wisconsin taxes, you will receive a refund. You can check the status of your refund on revenue.wisconsin.gov.
What is the Wisconsin Earned Income Tax Credit (EITC)?
The Wisconsin EITC is a tax credit for low- and moderate-income working individuals and families. The EITC can reduce your tax liability or increase your refund.
How can I get more information about Wisconsin taxes?
You can get more information about Wisconsin taxes by visiting the DOR’s website, revenue.wisconsin.gov, or by calling the DOR’s toll-free number, 1-800-221-8101.
