Friday, February 12, 2010

Michigan Service Tax Resurrection

SEARCH BLOG: SERVICE TAX

Appearing in the electronic version of The Detroit News:


We went through this once before... so I'll make it easy for you. One major change from the last round:
The tax would not apply to health care, education, construction, real estate com­missions, insurance premiums or busi­ness-to-business transactions, but it would boost the number of consumer services that would be affected from 27 to about 150. If approved by the Legislature it would cost the average family with $50,000 in­come about $140 a year, state Treasurer Bob Kleine said.
In the last go-round, the business-to-business taxes acted as a Value Added Tax and became a big problem. Now it is only a very costly proposal for the businesses and customers involved. Of course, accountants will love this.

2012 IS GETTING CLOSER

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