Hi carla, As a Michigan-based entrepreneur, it is ESSENTIAL that you actively support TRUE Michigan TAX REFORM in order to make capital accumulation easier to start new businesses. For too long, Michiganders have been victims of our state's legislators. Most recently, under the guise of fixing our tax system, the legislature enacted the Michigan Business Tax. Trouble is, the MBT still remains a "gross receipts" tax, levying a tax even if a business isn't profitable - which was the problem with the Single Business Tax it was designed to replace. The MBT continues to penalize entrepreneurship and productivity, and Michigan is rapidly losing businesses, jobs, and families - daily !
The Michigan FairTax plan - a movement started by working, "salt of the earth," Michiganders - is your call to action to enact a rational tax plan that will stop legislators from being able to barter our tax system to pick winners and losers (like providing "tax expenditures" for the MOVIE INDUSTRY) - all at our expense! Our goal is to SCRAP the Michigan income tax because the system is broken. Working together, you and I (there are thousands of us), can get the word out about a fairer, progressive consumption tax - the Michigan FairTax. In order to give Michigan voters the power to choose, we are laying the groundwork for a ballot drive to get the Michigan FairTax on the 2010 general election ballot.
The Michigan FairTax will both simplify, and stimulate, Michigan's business / jobs climatein a dramatic and ongoing manner. It will replace the income tax and current sales tax, with a consumption tax (sales tax at point of retail sale) while un-taxing all purchases up to poverty level - this means no more withholding of state tax from Michigan wage-earners' paychecks.
What's more, every Michigan resident-family will receive a monthly "prebate" check, in amount based on family size (.0975 x $ [ poverty level per 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. Thus, the MI FairTax rate would effectively be 0% on all monthly family spending up to the monthly poverty level, thereafter it would be 9.75%. A reasonable average effective rate, inferred, would be about 5.5% (that's without putting anything away!) Monies placed into savings are not available to spend, and therefore would result in a further effective tax rate reduction.
(We seldom email state-wide, generally notifying members nearby to events or initiatives.)
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Under a FairTax system, points of collection will be dramatically reduced (from millions of individuals to considerably fewer retailers, many of whom are already collecting sales tax). With a Michigan FairTax, income tax-- returns, audits, interest, and penalites vanish.
Goods prices & service fees carry income / payroll tax compliance costs - "a hidden tax," ultimately paid by us. The FairTax will externalize these costs, making them visible. Michigan exporters will then be able to jettison the FairTax, prior to shipment, making Michigan products more competitive, globally. The MI FairTax is NOT applied to non-retail, business-to-business purchases, as this inseparably embeds taxation costs in prices of finished goods and services.
This plan is revenue neutral, as it-- ends "first fruit" confiscation of wages, stops the practice of hiding consumer taxes in retail prices, makes the true cost of gov't visible, and properly pays for gov't as we meet personal and family needs. Take action! - JOIN OUR TAX REFORM ARMYto bring Michigan back!
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Made popular by the federal FairTax bill (H.R. 25, which was either co-sponsored or otherwise endorsed by several 2008 presidential candidates), this approach to taxation reaches across the political spectrum
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