Taxes

Taxes

Wisconsin highway welcome signs have a new message: “Wisconsin is Open For Business.”

Important tax and regulatory reforms have been implemented in Wisconsin and more are underway to make Wisconsin a more competitive place to do business. 

A number of targeted tax credit, loan, and grant programs are in place to help businesses grow and create jobs, including venture capital tax credits, technology assistance grants, and revolving loan funds.

For more information on available programs and business incentives, visit


Corporate Tax

Businesses are subject to a flat 7.9% tax on income.

Regional Sales and Use Tax

The Wisconsin statewide sales tax rate is 5%. All counties in the region assess an additional 0.5% county tax rate for a total sales tax of 5.5%.

For more information about sales and use tax, visit Wisconsin Department of Revenue.

Unemployment Tax

Employers pay unemployment taxes on each employee's wages up to the taxable wage base. The taxable wage base is $13,000 for 2011 and 2012 and $14,000 for 2013 and later years.

Source: Wisconsin Department of Workforce Development

Workers Compensation

Wisconsin employers that meet specific requirements are required to carry Worker's Compensation insurance unless they qualify for self-insured status.

Employers receive the assurance they will not be sued for damages, medical care and lost wages if their employees get injured while working.

Worker's Compensation insurance rates vary among industries. According to Forward Wisconsin, Wisconsin's Worker's Compensation premium rates are among the lowest in the country.

Source: Wisconsin Department of Workforce Development and Forward Wisconsin

Property Tax

Property Tax rates vary between individual communities.

Individual Income Tax

Wisconsin individual income tax rates vary from 4.60% to 7.75%, depending upon marital status and income.

A table of individual income tax rates can be found on the Wisconsin Department of Revenue website

Looking for funds for your business?