(The Center Square) – Wisconsin continued to drop in economic outlook, ranking 28th amongst the state’s in the new ‘Rich States, Poor States’ rankings from the American Legislative Exchange Council.
The group uses 15 state policy variables to project economic outlook and also computes economic performance based upon gross domestic product, absolute domestic migration and non-farm payroll employment.
Wisconsin ranked 32nd in economic performance between 2014 and 2024 because it was 34th in GDP, 27th in absolute domestic migration and 36th in non-farm payroll.
Wisconsin’s economic outlook has dropped from a top ranking of 12th in 2020 to the current 28th spot. It ranked 26th last year.
Wisconsin ranked at the top of the list for its right-to-work policy, relying on the federal minimum wage and not levying an estate or inheritance tax.
But the state ranked 40th for its 7.65% marginal personal income tax rate, 43rd for personal tax progressivity and 44th for its average workers’ compensation costs.
Wisconsin also ranked 30th in property tax burden, 36th in debt service as a share of tax revenue, 35th in top marginal corporate income tax rate and 18th in sales tax burden.
