In motion for years, those states that have boldly pursued the elimination of income tax have leaped ahead of others in attracting families and workers from other states, which is one of today’s most critical assets in building our state’s economy.
As looming demographics and historically low unemployment leave businesses begging for people to fill job openings, Wisconsin can position itself for decades to come as the leading northern state for employment, launching a positive cycle of families establishing roots in our state while business and industry expand.
On the state’s part, this will require bold leadership and careful budgeting practices that incorporate intentional spending to implement this transition. For taxpayers, the elimination of state income tax can benefit both young and old.
Whether choosing to save, pay down debt, start a business, or make a purchase, individuals can choose for themselves where to invest or spend instead of cutting checks to the government.