MADISON, WI (WTAQ-WRN) — Senate Majority Leader Devin LeMahieu is proposing a flat tax for Wisconsin.
The Republican from Oostburg says the flat tax would, in theory, do away with the different levels of the current system, and make filing much more simple.
“Regardless of how much money you make, you pay the same percentage of your income to the state government,” said LeMahieu.
Wisconsin is not alone in their tax reform discussions.
A lot of states have been moving towards either eliminating their income tax – such as Tennessee recently eliminated their income tax by increasing their sales tax a couple of percentage points,” said LeMahieu. “But a lot of states have gone to or are moving to a lower flat tax.”
In fact, two of our neighboring states have already implemented such a system, and another is working towards having a flat tax.
LeMahieu testified on his bill before a Senate committee on Tuesday. In the Assembly, Speaker Robin Vos says he hasn’t ruled out the flat tax but doesn’t see it happening in this session.
Governor Tony Evers has promised to veto any flat tax bill that passes.
