Does Gov. Tony Evers’ 2023 budget veto increase property taxes each year for the next 400 years? No. Gov. Tony Evers’ 2023 partial veto raised public school revenue limits by $325 per student annually until 2425, but that alone doesn’t raise property taxes. The limit affects combined funding from state aid and property taxes. If state aid remains flat, school boards may raise property taxes to meet the limit — but it’s not required. The GOP-led Legislature kept general aid flat this year, but in
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Does Trump’s big bill end taxes on tips and overtime? No. President Donald Trump’s new law exempts certain tip and overtime income from federal income tax, but the deductions expire in 2028 and come with limits. Workers earning under $150,000 can deduct up to $25,000 in tips and $12,500 in overtime. Social Security, Medicare and state taxes still apply. The Tax Policy Center says 2% of households will benefit from the tip provision, saving $1,800. The White House estimates $1,400 in average annu
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Want to know what's really driving up your property tax bill every year? Here are the top 5 loopholes in Wisconsin's property tax law causing your bill to go up every year. FYI, you'll want to check out these 5 bills working through the Capitol now that could lead to even higher property taxes for years to come: http://www.maciverinstitute.com/2020/01/five-bills-to-watch-at-the-end-of-the-session-that-could-raise-property-taxes/ | MacIver Institute
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