Comments on: Quick Links to Tuesday's Presentations http://www.thecenterformichigan.net/quick-links-to-tuesdays-presentations/ Tue, 06 Sep 2011 18:31:23 +0000 hourly 1 By: Neil Karl http://www.thecenterformichigan.net/quick-links-to-tuesdays-presentations/comment-page-1/#comment-4606 Neil Karl Fri, 20 Nov 2009 21:37:42 +0000 http://www.thecenterformichigan.net/blog/?p=2246#comment-4606 Reviewing BASICS, I complain that the business taxes are not broken out and grouped to show the total business tax picture. Business taxes give the MBT combined with other specialized taxes. Business property taxes are not separated out to real property and business personal property, sales and use taxes, SET, and business insurance proceeds tax. Business taxes are always grouped so that we cannot get a clear picture. Under Fair Tax, these five taxes (not sure about including real property) are targeted for elimination. OK, so it is clear that the state of Michigan must make some cuts or lots of cuts with the next budget. Beyond that, what is the most important piece of legislation needed to end the recession, to get 100-1000 businesses to come to Michigan? Consider that, it is beyond the ability of the state to give tax abatements or Renaissance Zone accommodations for all these businesses, that suddenly might want to come to Michigan. But, Michigan must legislate to give these businesses a reason. Reviewing BASICS, I complain that the business taxes are not broken out and grouped to show the total business tax picture. Business taxes give the MBT combined with other specialized taxes. Business property taxes are not separated out to real property and business personal property, sales and use taxes, SET, and business insurance proceeds tax. Business taxes are always grouped so that we cannot get a clear picture.

Under Fair Tax, these five taxes (not sure about including real property) are targeted for elimination.

OK, so it is clear that the state of Michigan must make some cuts or lots of cuts with the next budget. Beyond that, what is the most important piece of legislation needed to end the recession, to get 100-1000 businesses to come to Michigan? Consider that, it is beyond the ability of the state to give tax abatements or Renaissance Zone accommodations for all these businesses, that suddenly might want to come to Michigan. But, Michigan must legislate to give these businesses a reason.

]]>