The Reality
A Bad Idea Make Worse. Wisconsin Budget Project, 5/28/2013)
Excerpt: The new proposal would reduce state tax revenue by $752 million over the two-year budget period compared to current law, mostly by reducing income tax rates and making other changes to income taxes. It would make the income tax much flatter by reducing the number of tax brackets from five down to three, which would apply the same income tax rate for all married couples with taxable income between $14,500 and $319,500.
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