Hi Jon, I’m the Internal Communication Director for the Michigan FairTax Assn. As you’re aware, our state legislature has recently enacted the Michigan Business Tax [MBT] as a response to ending the Single Business Tax [SBT] (a gross receipts tax). Our goal is to inform Michiganders about a proposed Michigan FairTax alternative that would both simplify, and stimulate, Michigan's business / jobs climate in order to stem the mass-emigration of businesses and families currently taking place.
The proposed Michigan FairTax would REPLACE the income tax and current sales tax, with a consumption tax (sales tax at point of retail sale). Under this plan, no more state tax will be withheld from Michigan wage-earners' paychecks. What's more, every Michigan resident-family will receive a monthly "prebate" check, in amount based on family size. This will ensure that NO Michigan family will EVEN BEGIN paying the MI FairTax on goods / services unless, or until, they exceed poverty-level spending.
Under the MI FairTax plan, points of collection are substantially reduced to just retailers, many of whom are already collecting sales tax. Because service providers must account for income tax withholding and compliance costs, their prices carry a hidden tax which a FairTax will make visible. (Business-to-business purchases would not carry the tax, as this would, again, hide the cost of taxation in prices.)
Because of the "prebate" (advance rebate calculated as .0975 x $ [poverty level spending per family size]) to ALL Michigan-resident households, the MI FairTax rate would effectively be 0% on all monthly family spending to the poverty level; thereafter it's 9.75%. A reasonably inferred average effective rate would be ~5.5% (see p.2 of pdf brochure, also review an economic analysis [pdf] on MI FairTax effects prepared by the Hillsdale Policy Group).
You can have the stage all for yourself, Jeff, unless Denny is invited! As for me, I only need a chance to redeem my bad performance. Louis Armstrong must have cringed at my rendition of his beloved tune. But hey, Jon! Nice to see you again--we'll remember to wear our tennies to the next polka festival!
re the karaoke thought, sure, i already have my first set sketched out in my mind. decided i'm going to start a wedding karaoke business of my own, but where i am the only one who gets to sing.
What up, Yo! Kelly & Ron's wedding was so much fun! Loved the town hall vibe. Did you see the great picture that Theresa took of you and Lynda? It's almost as fab as the pict of LT and me! Ha ha! Your pictures on your page are great too!
At 10:57pm on October 21st, 2008, Diane Kolak said…
Um, yeah. About the singing... thanks, but I think wherever Pat Benatar is, she's ticked! Love your profile pic. You look different with a moustache! ;)
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The proposed Michigan FairTax would REPLACE the income tax and current sales tax, with a consumption tax (sales tax at point of retail sale). Under this plan, no more state tax will be withheld from Michigan wage-earners' paychecks. What's more, every Michigan resident-family will receive a monthly "prebate" check, in amount based on family size. This will ensure that NO Michigan family will EVEN BEGIN paying the MI FairTax on goods / services unless, or until, they exceed poverty-level spending.
Under the MI FairTax plan, points of collection are substantially reduced to just retailers, many of whom are already collecting sales tax. Because service providers must account for income tax withholding and compliance costs, their prices carry a hidden tax which a FairTax will make visible. (Business-to-business purchases would not carry the tax, as this would, again, hide the cost of taxation in prices.)
Because of the "prebate" (advance rebate calculated as .0975 x $ [poverty level spending per family size]) to ALL Michigan-resident households, the MI FairTax rate would effectively be 0% on all monthly family spending to the poverty level; thereafter it's 9.75%. A reasonably inferred average effective rate would be ~5.5% (see p.2 of pdf brochure, also review an economic analysis [pdf] on MI FairTax effects prepared by the Hillsdale Policy Group).
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