Individual Income Tax in the Region

Wisconsin individual income tax rates vary from 4.60% to 6.75%, depending upon marital status and income:

For single taxpayers and taxpayers qualified to file as head of household:

Taxable Income:
over	but not over	2006 tax is	of the amount over
$0	$9,160	4.60%	$0
$9,160	$18,320	$421.36 + 6.15%	$9,160
$18,320	$137,410	$984.70 + 6.50%	$18,320
$137,410	-	$8,725.55 + 6.75%	$137,410

For married taxpayers filing a joint return with taxable income:

Taxable Income:
over	but not over	2006 tax is	of the amount over
$0	$12,210	4.60%	$0
$12,210	$24,430	$561.66 + 6.15%	$12,210
$24,430	$183,210	$1,313.19 + 6.50%	$24,430
$183,210	-	$11,633.89 + 6.75%	$183,210

For married taxpayers filing separate returns with taxable income:

Taxable Income:
over	but not over	2006 tax is	of the amount over
$0	$6,110	4.60%	$0
$6,110	$12,210	$281.06 + 6.15%	$6,110
$12,210	$91,600	$656.21 + 6.50%	$12,210
$91,600	-	$5,816.56 + 6.75%	$91,600

• 100% on intergenerational transfers of farming and business assets
• 60% exclusion on long-term capital gains
• 100% on the sale of stock in eligible small businesses (if held for five years or more)

Wisconsin offers an Earned Income Tax Credit to its residents. This credit provides direct benefit to working families with qualifying children. The benefit amount depends on the total household income and the number of children.

For more information See the Department of Revenue website.

Source: Wisconsin Department of Revenue