Madison Gas and ElectricMadison, Wisconsin  
 
economic development
My Account My Home My Business Our Environment Economic Development About MGE
in this section
Regional and Community Information
Business Resources
Financing
High Tech Directory
Sites and Buildings
Business Parks and Incubators
Technology Resources
Multifamily Vacancy Rates
Tax Rates
Workforce and Training
Publications
How MGE Can Help
Tax Rates

The total tax burden on Wisconsin companies is among the lowest in the nation and it continues to decline. Cut costs and grow your firm in this favorable business tax climate.

Corporate income tax - 7.9%

  • Flat rate
  • Simple sales factor

Wisconsin sales/use tax - 5%

  • Exempt:
    • Manufacturing machinery
    • Pollution control equipment
    • Materials consumed
  • 100% tax credit:
    • Manufacturing energy

County sales tax - 0.5%

  • Columbia
  • Crawford
  • Dane
  • Iowa
  • Juneau
  • Monroe

Property tax (full-value state average rate) - 2.211%

Exempt:

  • Computer equipment
  • Manufacturing machinery and equipment
  • Manufacturing inventories
  • Merchant's inventories
  • Pollution control equipment

Unemployment compensation

  • New employers (3 years):
    • Payroll less than $500,000 - 3.25%
    • Payroll more than $500,000 - 3.4%
  • Base $12,000
  • Minimum/maximum 0.00% - 9.75%
  • FUTA penalty - 0%

Compare unemployment compensation in Wisconsin, Illinois and Minnesota.

Workers' compensation
Average in manufacturing - $4.43/$100

Compare workers' compensation costs in Wisconsin, Minnesota, Illinois and Michigan.

Personal income tax

Single
$0 - $9,700 4.6%
$9,701 - $19,400 6.15%
$19,401 - $145,460 6.5%
$145,461+ 6.75%
Capital gains exclusion - 60%
Married
$0 - $12,930 4.6%
$12,931 - $25,860 6.15%
$25,861 - $193,950 6.5%
$193,951+ 6.75%
Capital gains exclusion - 60%

For more information

Wisconsin Business Tax Incentives
Wisconsin Corporate Income and Franchise Taxes
Wisconsin Department of Revenue


Contact Us   Site Map   Terms & Conditions    Privacy    Web Site Feedback 
Copyright © 2010