SEARCH BLOG: MICHIGAN TAXES
If you read my profile on the sidebar, you will see that I'm retired and running a small business in Michigan.
The state's economy has badly affected the business climate and now our governor and legislators have enacted an onerous business service tax that has me seriously thinking about shutting our business down. After 25 years, it just doesn't seem worth the time or effort to be a Michigan business anymore.That's unfortunate because those clients we serve will lose a significant opportunity to earn money from their investments, we'll lose the extra income... and Michigan will lose taxes from our income and our clients' income. This is just one small example of how short-sighted the government's approach is in their "investment" in Michigan marketing spin.
Our decision isn't final yet and I don't want to make it out of anger toward politicians, but let's just say that the outcome is very likely going to be lose-lose-lose. Well, there is always social security... maybe...