We know what you are saying, "but our income tax is only 4.25%, and I'm sure that the State relies on our tax dollars, we need some sort of income tax to survive." The first two part of those statements is true. Michigan's income tax is 4.25% and in 2014, Michigan received $8.75 billion dollars from income taxes. In fact, income taxes are 35.3% of Michigan's tax collections, an extremely high number. But let's pretend that the roughly $8 Billion dollars were kept with Michigan families … [Read more...] about Let’s Abolish The Michigan Income Tax
Income Tax
3 Reasons To Oppose An East Lansing City Income Tax
As some of you know, East Lansing is home to Michigan State University and more than 50,000 students. East Lansing has a total of 48,000 citizens that does not include students so it is easy to see the influence and impact that the university has on the city. Recently, East Lansing announced that their Financial Health Review Team is looking into a city wide income tax to pay for unfunded liabilities. New city wide income taxes should be opposed and here are 3 reasons why. This … [Read more...] about 3 Reasons To Oppose An East Lansing City Income Tax