Don't Move to, or Bring Jobs to Wisconsin!!

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That is the message from King Doyle and his Merry Democrats. If you do move to Wisconsin, or Bring Jobs here, this is the $2.1 Billion Dollar Sweepstakes you'll get to share with the rest of us... (Note, These are all increases in the current taxes and fees. Above and beyond what is already assessed. *$585 million from the tax on hospital revenues -- a surtax supported by the Wisconsin Hospital Association and Wisconsin Manufacturers & Commerce, the state's largest business group. *$311.8 million by creating a new individual tax bracket, with a 7.75% tax rate, for the richest taxpayers (taxable incomes of $300,000 for married filing jointly, and $225,000 for single filers) that would start with the 2009 tax year. *$290.9 million by raising the tax on tobacco products and the $1.77 per pack tax on cigarettes to $2.52. *$272 million by taxing the profits of oil companies -- a tax that would also include a provision subjecting them to civil penalties if they raise pump prices to offset the tax. *$215 million in higher taxes on businesses by taxing multi-state companies as one entity; now, state law taxes each subsidary separately. *$180.6 million by raising the tax on capital gains profits. (My first blog said this change would bring in only $85 million more.) *$95.2 by taxing "throwback sales," which the Executive Budget book defines this way: "Sales shipped out of Wisconsin to states without income tax jurisdiction over the company or sales shipped out of state to the federal government." (This was not in the last blog.) *$70 million by adopting uniform national standards on items subject to the 5% sales tax and requiring the sales tax to be charged on customized computer software. *$40.8 million in sales taxes on "affiliated entities," which is explained this way: "If an affiliated entity is treated as part of the parent company for the purpose of income tax liability, it will receive the same treatment for the purpose of sales tax liability." (This increase was not in the last blog.) *$38.5 million by requiring non-resident limited partnership and similar businesses to make quarterly, instead of annual, payments of withholding tax. (This increase was also not in the last blog). *$10.9 million by charging the 5% sales tax on music, books, lectures and other information downloaded electronically -- the so-called "digital download" tax. So, if this is what you get for moving here, or creating jobs here... Why would you?