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By JGillman, Section News
Business is punished for operating in Michigan.
Its actually been punished in 39 states as of 2012 by way of personal property tax on business. Equipment, shelving, tools, furniture, etc..; bought, then taxed at 6%, then repeatedly taxed as 'wealth' like non-homesteaded property. In this way, business owners are told (as they are with smoking laws, work rules, and being converted to tax collectors) they really don't own JACK. None of it is under any absolute control, and frankly if the Business owner doesn't make a buck? They are still told to "Cough it up sunshine, you owe what you owe."
Just for being here.
And its not just the cost of having stuff laying around that punishes the Michigan entrepreneur. As is the case with many government rules, its the cost of compliance. The Tax Foundation writes:
"TPP taxation is "taxpayer active," meaning that individuals and businesses must fill out tax forms listing all of their taxable personal property, adding a compliance cost to the total cost of administering personal property tax. This is in contrast to real property taxation, which is "taxpayer passive": a statement valuing the land, improvements, and property tax owed is sent to property owners, alleviating compliance costs while adding some cost for government to administer the tax."In a nutshell; "here are your manacles, make sure you clasp them securely around both ankles.."
But relief could be in sight soon. The state of Michigan will have a surplus.
"The Senate Fiscal Agency projected $1.3 billion in increased revenue over a May 2013 estimating conference. House Fiscal pegged the number at $1.1 billion, while Treasury offered a more conservative $708 million, citing uncertainty over unclaimed Michigan Business Tax credits."The conservative estimate might be light, but the $1.3 billion surplus estimate easily reaches the $1.2 billion in PPT revenues each year.
Given the compliance costs can be transformed into profitable effort of growing business, and the added incentive for business attraction, (particularly to manufacturing and its associated equipment expenses) job growth could well explode going forward.
Its time for legislators to step up, and do a wholesale elimination of what has been considered (2nd only to the repealed MBT) "the second dumbest tax in Michigan."
(1 comment) Comments >>
By JGillman, Section News
Strangely, it seems Google has algorithms that remove opposition to complete streets A21 type legislation to the end of the results.
Too bad. There is so much to say that addresses the broad based policies that complete streets encompasses. So much that brings an appropriate negative light on the issue and its implementation. Roundabouts, suicide bike lanes (like the one in the video of the last story), spending large sums of money for rural areas where only the transient bike through (tour bikers) might use, and perhaps even other reasons like private property.
Silly stuff like that.
In fact, we have one of those bike lanes in Traverse City. The bicyclist is broken away from the right shoulder, and directed into the left turn where the lane abruptly ends (no warning) forcing the automobile into the bicycle, or mating them inappropriately. Somehow, no one has yet died on the corner, though some close calls have occurred. I suppose the smarter cyclists avoid it, which would explain why I never see anyone using the bought and paid for streetscape as planned.
So imagine the excitement in finding out the Grand Vision folks up here (A21 implementation team) were sponsoring a traveling road show to each of the rural townships. The effort of course, was to have neat little picture show, and included in the packet of trustees would be a ready made resolution in support of 'Complete Streets'. Ready to serve; just add moronicide.
In my own township, I didn't see it making much sense, so I prepared a statement.
Continued below the fold
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A posting I had here a few days ago poked fun at the SEIU Corrections unit (MCO) questionnaire that attempted to identify the core political allegiance of its membership. It drew the attention of the Mackinac Center's Paul Kearsey, who asks a more important question than I had in my post.
What about Policy?
"The interesting and at the same time sobering thing about this is how SEIU leaders see their members through a strictly partisan political lens. The space that the union used to gauge the strength of its members' partisan leanings are (Are you sorta Republican, really Republican, or really, really Republican?) could just as easily been used to find out how worried their members are about losing their pensions in a state bankruptcy, or whether or not work rules negotiated by the union made prisons safer or a host of other questions having to do with what MCO members really want their union to do."
Leave it to the smart guys to make my point.
~ Promoted for good argument ~
I'm sure glad Michigan has Rick Snyder as our Republican candidate for Governor. If we are fortunate enough to have the 'Tough Nerd' at the helm of the State, we can make a clean break from the failed economic policies of the worst Governor in America, Jennifer Granholm...
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I caught this article from Phil Power on the Livingston Daily. Phil reported on the gloom permeating the Mackinac Policy Conference and hope what he's reporting is not true
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External FeedsMetro/State News RSS from The Detroit News
+ Craig: Cushingberry tried twice to elude police, was given preferential treatment
+ Detroit police arrest man suspected of burning women with blowtorch
+ Fouts rips video as 'scurrilous,' defends Chicago trip with secretary
+ Wind, winter weather hammer state from Mackinac Bridge to southeast Mich.
+ Detroit Cass Tech QB Campbell expected to be released from custody Friday
+ New water rates range from -16% to +14%; see change by community
+ Detroit's bankruptcy gets controversial turn in new Honda ad
+ Royal Oak Twp., Highland Park in financial emergency, review panels find
+ Grosse Ile Twp. leads list of Michigan's 10 safest cities
+ Wayne Co. sex crimes backlog grows after funding feud idles Internet Crime Unit
+ Judge upholds 41-60 year sentence of man guilty in Detroit firefighter's death
+ Detroit man robbed, shot in alley on west side
+ Fire at Detroit motel forces evacuation of guests
+ Survivors recount Syrian war toll at Bloomfield Hills event
+ Blacks slain in Michigan at 3rd-highest rate in US
Politics RSS from The Detroit News
+ Apologetic Agema admits errors but won't resign
+ Snyder: Reform 'dumb' rules to allow more immigrants to work in Detroit
+ GOP leaders shorten presidential nominating season
+ Dems: Another 12,600 Michiganians lose extended jobless benefits
+ Mike Huckabee's comments on birth control gift for Dems
+ Granholm to co-chair pro-Clinton PAC for president
+ Republican panel approves tougher penalties for unauthorized early primary states
+ Michigan seeks visas to lure immigrants to Detroit
+ Peters raises $1M-plus for third straight quarter in Senate bid
+ Bill would let lawyers opt out of Michigan state bar
+ Michigan lawmakers launch more bills against sex trade
+ Balanced budget amendment initiative gets a jumpstart
+ Feds subpoena Christie's campaign, GOP
+ Poll: At Obama's 5-year point, few see a turnaround
+ Obama to release 2015 budget March 4
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