Michigan Fair Tax initiative petitions NOW AVAILABLE.
The math was a little confusing at first, but there really is no down side to this that I can see… In fact some of the original opponents (automakers) now on board as well.
I am now collecting signatures in Grand Traverse County.
Where will YOU be? Think about it.. Eliminate the Personal Property Tax(an immoral tax at best) and the State Income Tax, and the notorious MBT… This is a chance to give business a boost, let workers keep a bigger chunk of their paycheck, and decide when THEY want to pay through a modest increase of the sales tax.
Get your petitions. Contact the folks at MIFAIRTAX.ORG .
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Interesting concept and debate to have at the very least. Good luck with the drive.
–Nick
http://www.RightMichigan.com
The way I look at it, if we eliminate 3 taxes, simplify the paying process, and reduce government in one fell swoop..
Hello,
I was wondering if this covers personal property tax or just business property tax?
Dave
As I see it, it is business property tax. Correct me if I am wrong. Part of the proposal reads as follows:
“AFTER DECEMBER 31, 2009, TANGIBLE
PERSONAL PROPERTY SHALL NOT BE SUBJECT TO TAXATION IN THIS STATE. AFTER DECEMBER 31, 2009, THIS STATE SHALL ANNUALLY
REMIT TO EACH LOCAL TAXING UNIT THAT LEVIES A PROPERTY TAX AN AMOUNT EQUAL TO THE AMOUNT THAT THE LOCAL TAXING UNIT WOULD HAVE LEVIED IN THAT YEAR IF THAT LOCAL TAXING UNIT HAD LEVIED A PROPERTY TAX ON PERSONAL PROPERTY, IN THE MANNER PROVIDED BY LAW. AFTER DECEMBER 31, 2009, NO TAX SHALL BE LEVIED BY THIS STATE ON REAL PROPERTY THAT IS BUSINESS PROPERTY, AS DEFINED BY LAW; HOWEVER, A LOCAL TAXING UNIT MAY LEVY A TAX ON REAL PROPERTY THAT IS BUSINESS PROPERTY, AS DEFINED BY LAW.”
But the only ones paying personal property taxes are the business owners on business assets anyhow.
“Property Taxes” on homes land etc still retains its current status.