While the state of Michigan shows some transparency in terms of where taxpayer money goes, the Mackinac Center for Public Policy says it could do a better job.
Under Democratic presidential candidate Joe Biden’s federal tax plan, the top marginal tax rate in Michigan could hit 53.59%, according to a new analysis by the Tax Foundation.
An overwhelming majority of voters polled by the UP Gazette are overwhelmingly against Democratic presidential candidate Joe Biden’s proposals to emphasize wind and solar energy over fracking and the Democratic party’s move to eliminate or heavily regulate the fracking industry.
Democratic Gov. Gretchen Whitmer received a grade of “F” from the Washington-based CATO Institute for her tax and spending policies since 2018, according to a ranking of governors that comes out every two years.
Wayne County residents were audited by the Internal Revenue Service at a greater rate than all similar jurisdictions in Michigan, according to an analysis by the website 24/7 Wall St.
The overall tax system in Michigan was dubbed “not tax-friendly” in a recently released 50-state tax guide published by the Kiplinger business forecasting website.
Michigan would need $55 billion to pay all of its bills, including public employers’ pension benefits, according to a new ranking of the states’ fiscal health by Truth in Accounting (TIA).