Kamala Harris Tax Increase Will Hit Wisconsin with High Corporate Tax Rate of 33.7%
August 26, 2024
August 26, 2024
WASHINGTON, Aug. 26 [Category: Political] -- Americans for Tax Reform issued the following news:
Wisconsin will be saddled with a 33.7% combined federal-state corporate income tax rate under the Kamala Harris call to raise the federal corporate tax rate to 28%.
Wisconsin's all-in 33.7% rate under the Harris plan is higher than China's 25% rate, higher than the world average rate of 23.5%, higher than the EU average rate of 21% and higher than the Asia average rate of 19 . . .
Wisconsin will be saddled with a 33.7% combined federal-state corporate income tax rate under the Kamala Harris call to raise the federal corporate tax rate to 28%.
Wisconsin's all-in 33.7% rate under the Harris plan is higher than China's 25% rate, higher than the world average rate of 23.5%, higher than the EU average rate of 21% and higher than the Asia average rate of 19 . . .