NAVIGATION
|
NEWS TIPS!RightMichigan.com
Who are the NERD fund donors Mr Snyder?Tweets about "#RightMi, -YoungLibertyMI, -dennislennox,"
|
Lansing Lefties pushing a pair of new taxesBy Nick, Section News
It's the day after Easter. If you're like me, yesterday featured some awesome family time, a trip to church (for many of you, the only time this year... shame!) since, you know, all that Jesus conquering death stuff is sort of important to this particular holiday, and heaping helpings of chocolate and jelly beans.
Because apparently rabbit shaped confections are also important to this particular holiday. After a day like that there's little more I'd like to do this morning than revel in the realization that He is Risen (!), enjoy the fact that I've been blessed with an awesome family and roll around on the ground like a dying bear as I battle mightily to digest the giant ball of sugar currently sitting like a rock in the pit of my stomach. Alas. That would be too easy. Can't even browse the morning's headlines without being shaken violently back to the reality of John Cherry's vision for Michigan. Two new tax-hike schemes in one morning? Say it ain't so! Read on...
This morning's hot topic? A graduated income tax that could represent as much as a net tax increase of $2 billion a year. Yeah, fine, sure, only the "rich" would be paying that extra cash so I guess its OK. It isn't like the folks with money who make money wind up spending money that then cycles back through the economy, creating jobs with salaries and additional tax revenue.
And if there's one thing we've learned the Granholm-Cherry administration simply will not abide in this state, its new jobs. The Detroit News notes that other problems abound, as well:
Anderson added that the income tax also can be a hidden levy on business because a firm's profits often are taxed as personal income.
"Hundreds of millions are collected (in income tax) from people who are listed as shareholders," Anderson said. His business tax burden report indicates that personal income tax on business income in 2006 in Michigan amounted to $777 million. A graduated income tax penalizes success. The more you make the more you owe. The better you perform and the more money you work to take in for your family the more Lansing will come calling. It literally discourages hard work. Why knock yourself out to get ahead when the politicians in Lansing are ready to slap you into a newer, higher tax bracket? Course, if Lansing liberals have anything to say about it, the next time you try to drown that or any other sorrow you'll be sending more cash their direction, too. The Grand Rapids Press reports that Capitol area Lefties are now proposing a $100 million tax hike on beer. The local paper caught up with one particular Grand Rapids resident who, when asked for a comment, didn't mince any words:
"That would suck," said Brenner, 27, of Grand Rapids, shopping at Martha's Vineyard, 200 Union Ave. NE. Indeed it would, Jake. Indeed it would. But that's our take. What's yours?
Lansing Lefties pushing a pair of new taxes | 4 comments (4 topical, 0 hidden)
Lansing Lefties pushing a pair of new taxes | 4 comments (4 topical, 0 hidden)
|
Related Links related_links: This box seems to be broken. Please email the site admin and tell them the time and date (and your timezone) so it can be fixed. |