(H/T – Charlie and Aaron, who really belongs on Charlie’s blogroll)
The Wisconsin Taxpayers Alliance reports that between 1995 and 2000, despite gaining 4,400 households (their numbers; I come up with a 240,000-person gain using Census Bureau numbers), Wisconsin lost $4.72 billion in household net worth and lost $454.8 million in income. No, that is not per-capita or per-household, that’s the total amount; and no, that was not during either Bush Presidency, that was during what lefties love to call “The Best Damn Economy Ever” in the Clinton Presidency.
During the same time (numbers again courtesy the Census Bureau), the total state and local tax burden in Wisconsin went up $3,545,704,000 (or if you prefer, $3.55 billion), from $9,029,488,000 in 1995 to $12,575,192,000 in 2000. Let’s review: population went up a bit; total net worth went way, way down; total income went way down; and taxes still went way, way up. Of particular note, personal income taxes went up $2,030,363,000 when personal income went down $454,800,000. And we still have gubmint types demanding we spend more and more and more and more money on gubmint?
Revisions/extensions – Dad29 points out that those state taxes went up while Tommy Thompson had an iron grip on the governor’s mansion. ‘Tis why we have a bipartisan Party of Gubmint in Wisconsin