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Rep. Ryan Clancy
Rep. Ryan Clancy@RyanClancyWI·
Yes. Doing so would drop everyone’s property tax by an average of 44%. The only people who would not benefit are the ones making significantly more than $1 million every single year. And folks across the state love the idea, regardless of party affiliation.
Megan Novak@meganjnovak

Wisconsin socialists make Washington democrats look almost sane... the socialist caucus wants to up the tax on small businesses who make over $1 million to over 17%.

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Megan Novak
Megan Novak@meganjnovak·
@RyanClancyWI I’m sure all the small businesses who file under the individual rate and employee their neighbors, sponsor the local baseball team, etc will be able to continue to operate at a 17.7% tax rate.
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Rep. Ryan Clancy
Rep. Ryan Clancy@RyanClancyWI·
@meganjnovak Us too, as that’s only a tax on net profits. An individual owning a business netting millions a year is doing great, and should be happy to help pay for education in the state that helps lead to their success. And, again, it’s not a 17.7 tax rate except on dollars $1,000,001+
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Lori MacVittie
Lori MacVittie@lmacvittie·
@RyanClancyWI @meganjnovak What about the other tax bracket raises that start at much lower incomes??? Those are going to impact a lot of small business and individuals. Selective information doesn’t make your proposal more palatable to us.
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Rep. Ryan Clancy
Rep. Ryan Clancy@RyanClancyWI·
@lmacvittie @meganjnovak Only the highest tax bracket (and the new one for the even more extremely wealthy) is impacted by this proposal. And even those in the currently highest tax bracket (a couple making over $431,000 a year, which is not “much lower incomes”) would benefit from lower property taxes.
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Lori MacVittie
Lori MacVittie@lmacvittie·
@RyanClancyWI @meganjnovak Irrelevant that we'd benefit from lower property taxes. You are avoiding spelling out the increase in "the highest tax bracket", which is not insignificant, and pretending it's all about $1M and above. It's not, and it isn't okay to tax us even more just because you can.
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Spoosh
Spoosh@Spooshuw·
@RyanClancyWI @lmacvittie @meganjnovak Who will do business in a state w the highest income tax rate of any state in the union by a large margin? Local municipalities will need higher taxes to operate so you wont pay less. You’ll pay more locally and less to the state. It’s not a net win.
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