Beware Walker & Cruz Tax Claims: What they say is not what they do!

DATA WONK Wisconsin Taxes and Inequality Have Walker’s tax changes increased or decreased inequality in the state? By Bruce Thompson - Dec 19th, 2014 01:36 pm

...Taxes can be classified as regressive, neutral, or progressive. A tax is regressive if the effective rate goes down as income increases, meaning the wealthy taxpayer pays a smaller percentage of income than a poor person. They are neutral if the rate does not change with income, and progressive if the effective rate increases with income.

... In other words the reduction in income tax rates was largely funded by cuts to compensation of state and local public employees. Thus the funding source for the tax cuts was a group of middle-income people. Quoting the state budget office, the Journal Sentinel said Act 10 reduced the take-home pay of the average state worker making $50,000 a year by $4,228. By comparison the Walker income tax cuts would save this person $172. 

... and of even less benefit to the elderly, rural, low-income and poor

... I doubt and his 10% FLAT TAX WOULD HELP ANYONE EXCEPT THE WEALTHY HIGH INCOME EARNERS

WI 1848 Forward: Beware #Walker & #Cruz #Tax Claims: What they say is not what they do! http://wi1848forward.blogspot.com/2016/03/beware-walker-cruz-tax-claims-what-they.html?spref=tw

WI 1848 Forward: ... I doubt and his 10% FLAT TAX WOULD HELP ANYONE EXCEPT THE WEALTHY HIGH INCOME EARNERS