Cost of Doing BusinessState business taxes below U.S. average - Wisconsin's business taxes are lower than those in 35 other states, based on a new study by the Federal Reserve Bank of Boston that measures more than 15 taxes that can affect corporate profits. Wisconsin tax rates and exemptions Wisconsin unemployment compensation rates remain a bargain - Wisconsin recognizes the importance of containing the cost of labor for companies, and takes pride in its ability to serve both Wisconsin workers and Wisconsin business. Employers paid the lowest possible unemployment compensation taxes again in 2004 for the thirteenth straight year. Worker's Compensation Insurance Rate Comparisons - Over the past 11 years Wisconsin's Worker's Compensation Premium Rates have declined by 33%, resulting in over $1 billion in savings. A study conducted in late 1996 by the State of Oregon ranked Wisconsin's Worker's Compensation Premium Rates as the sixth lowest in the nation. Electric Rates - Wisconsin has the 3rd lowest electric rates in the nation. A Milken Institute study called the 2005 Cost-of-Doing-Business Index concluded that it is 6.4% less costly to do business in Wisconsin than the national average. The Index measures wage costs, taxes, electricity costs, and real estate costs for industrial and office space. |
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