
It's an ongoing dream of my husband and mine. We want to live in Northern Michigan. Every weekend when we drive back downstate from our log home, I feel like I'm leaving my "real home." We built our modest vacation log home last year and are already looking forward…
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Posted on January 7th, 2009 at 9:00am — Comment
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There is no better place to live then Northern Michigan. We are grainte,stone,marble,quartz etc. fabricators for kitchens and baths located in Gaylord and Hillman. When you are ready to remodel I will be glad to answere any questions. We have the BEST kitchen and bath Designers living and working in Northern Michigan.
Keep warm, Mary
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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