What's in YOUR wallet? What you might get out of an income tax cut
11 things every Michigan taxpayer should know
Comparatively, Michigan's tax burden is low - and getting lower.
Look around: YOUR taxes could be much higher.
Michigan gives more tax breaks than it collects for schools/gov't.
The definition of "Anti-tax conservative" has changed
Why might taxes seem high to YOU?
The motivation for a state income tax cut.
What might YOU get out of an income tax cut?
Snyder is a Republican. Why his experts want to spend more.
Can we cut taxes and spend more on education/infrastructure?
Big savings?
Michigan legislators almost lowered the state income tax rate from 4.25 percent to 3.9 earlier this year, a move that would have cut about $1.1 billion in revenue a year from the state budget. They then considered a smaller cut, to 4.15 percent, which would remove about $250 million. For someone with $150,000 in state taxable income, the latter cut would save $150 annually.
Figure out how much this income-tax cut could save you: Put in your or your family’s Michigan taxable income to get an idea.
NEXT: Snyder is a Republican. Why do his experts want to spend more, not less?
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