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Is there another tax proposal that will give Michigan a better business tax environment than the MI FairTax

No, people understand that consumers pay all "business" taxes and efforts to hide our taxes in prices makes Michigan labor and business uncompetitive and is costing us our jobs.	19 votes - 90 %
Yes, I am confident that our legislature can cut government spending to the degree that we can eliminate business taxes.	2 votes - 9 %
Yes, by increasing the income tax on individuals we can eliminate business taxes.	0 votes - 0 %

21 Total Votes

"Pete Hoekstra's" Tax Plan | 9 comments (9 topical, 0 hidden)

FairTax Tax Rate (5.00 / 1) (#1)
by The Patriot Economist on Mon Jun 21, 2010 at 03:50:54 PM EST

Although the MI FairTax rate (sales tax rate) is 9.75% your effective tax rate will be much lower. On the MI FairTax website it shows the effective tax rate for households at different income levels. Because of the "prebate" payment to all legal households that offsets the tax on spending up to the poverty level and because not all spending is taxed by the MI FairTax, the effective tax rate for a family of four earning $50,000 per year is only 2.5%. It is lower if earnings are lower and higher if earnings are higher. This is explained in the "prebate" document on the website: mifairtax.org

FairTax (none / 0) (#2)
by FairTaxNow on Tue Jun 22, 2010 at 04:58:54 PM EST

The Patriot Economist is exactly spot on. The Michigan FairTax is the only tax plan that represents 'reform' all of the others amount to rearranging the deck chairs on the Titanic.

The current tax system is the main source of corruption of our 'representative' system, and empowers the politicians, especially the career politicians, to pick tax 'winners' and 'losers'. The 'winners' always win at the expense of others.

The FairTax would almost completely untax Michigan businesses and accomplish just about everything the residents of Michigan are asking in the form of tax reform.

How many stop to think who actually pays these business taxes?

'We the people...' pay all of the taxes. Businesses treat tax costs just like any other business cost and when push comes to shove they 1) raise prices making Michigan goods less competitive in the market place 2) they reduce the number of employees (and tax payers) 3) they reduce wages and benefits 4) they off shore, and 5) they simply go BK and close their doors.

I would urge every Michigan resident to become knowledgeable about the Michigan FairTax, and then support it!

When the Michigan FairTax is implemented businesses and jobs will flood back into our sate.

All one needs to know about the Michigan FairTax can be found at www.MIFairTax.org

FairTax (none / 0) (#3)
by FairTaxNow on Tue Jun 22, 2010 at 05:05:28 PM EST

An aside...

I have had candidates approach me saying they support the FairTax but won't run on it until 'after they are elected'.

Just what we need! More politicians afraid to defend what they believe. And who really believes they will actually support the FairTax once they gain office? The truth is, is that once a politician 'gets in' their next effort immediately becomes 'how do I stay in'.

Yah sure, the spineless will suddenly develop a back bone once elected.

Any plan OTHER than the MI FairTax . . . (none / 0) (#4)
by Ian on Tue Jun 22, 2010 at 08:16:16 PM EST

. . . invites more tampering by politicians cutting deals with lobbyists who make their living off of procuring tax favors for their clients at your, and my, expense.

Wake up, sleepy (and poor) Michiganders. You got poverty because you elected politicians that delivered it to you.

Hoekstra for Governor, and a strong MI full of jobs and fewer lobbyists!

The MI FairTax as it currently stands... (none / 0) (#5)
by KG One on Wed Jun 23, 2010 at 10:24:24 PM EST

...is no better that what is currently out there.

As I pointed out earlier, there are two huge gaping flaws in the idea that I can drive my truck through (and trust me, I drive a very, very big truck).

First, you are creating a new bureaucracy for organizing and maintaining records on all Michigan Citizens for the express purpose of distributing entitlements as part of the "prebate" provision.

Yea! Another layer of government. Just what we need here in Michigan.

Second, the one thing that I will guarantee you that will come out of the "prebate", is that you will create a class of people expecting a regular check every month, and not wanting do anything to earn over and above that.

What to see first-hand what happens when you do that? Click here to find out.

Or even here.

The "prebate" may placate the progressives who whine about people paying too much in taxes.

It's a shame that the facts don't support that argument.

But we already have enough of a problem with too many people who would rather ride in the wagon, rather than pulling it. Giving people free money without having them do anything to earn it has all of the makings of a fiscal disaster waiting to happen.

fair tax (none / 0) (#6)
by Sway21 on Mon Jul 05, 2010 at 03:30:05 AM EST

@KGOne...a prebate, or negative income tax in Milton Friedman's terms, is actually cheaper for us as a whole if, at the same time, all other forms of state assistance are eliminated. It has the advantage of actually helping and empowering the poor by allowing them to do as they please with the money, versus what the social engineers would prefer them to do with it, and it caps the state's obligation to them. And it helps most the truly needy. While there may be some who choose not to work they'd hardly be growing fat on the proceeds and would likely be fewer in number than those gaming the system now. We should try to resist the moral imperative that our fellow man work (and tend to our own efforts) lest we arrive, via the law of unintended consequences, with a situation where we're paying $2/hr in workfare accompanied by $25/hr in mandated benefits for that work!

In my experience, accountants...oh heck, bean-counters...tend to skew Democrat.

The Chamber of Commerce has little, if any, resistance to corporate welfare. Remember that competition is a product of the unseen hand of the market; it is hardly a goal of business which only of necessity remains competitive.

People understand that consumers pay all biz taxes (none / 0) (#7)
by terrier on Sun Feb 20, 2011 at 05:25:07 AM EST

People understand that consumers pay all "business" taxes.

Therefore, people who cannot afford to buy a home pay the nonhomestead tax. (The nonhomestead tax is embedded in the rent they pay.)

Therefore the nonhomestead tax is immoral.

Therefore the MI FairTax is immoral to the extent it taxes the immoral nonhomestead tax. (The embedded nonhomestead tax paid by renters is subject to the MI FairTax and thus the MI FairTax is a tax on an immoral tax. Not recommended.)

Get rid of the nonhomestead tax and extend property rights to ALL Michigan residents, and I will support the MI FairTax.

Spoken like a... by Corinthian Scales, 02/20/2011 12:42:41 PM EST (none / 0)

Let's have a civil discussion by terrier, 02/20/2011 04:10:46 PM EST (none / 0)

"Pete Hoekstra's" Tax Plan | 9 comments (9 topical, 0 hidden)

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Who are the NERD fund donors Mr Snyder?

Tweets about "#RightMi, -YoungLibertyMI, -dennislennox,"

Raise the curtain.

Is there another tax proposal that will give Michigan a better business tax environment than the MI FairTax

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