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March 8, 2021
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STATE BUDGET-TAX RANKINGS
(2007-10-03)
(wgvu) - MICHIGAN TAXES ARE GOING UP, BUT OPINIONS
DIFFER ON HOW THE STATE'S OVERALL TAX BURDEN STACKS UP NATIONALLY.
THIRTY-SIX OF THE 43 STATES WITH INCOME TAXES HAVE RATES HIGHER
THAN MICHIGAN'S NEW FOUR-POINT-THREE-FIVE PERCENT RATE.
THE STATE'S SIX PERCENT SALES TAX WILL GO FROM COVERING 26
SERVICE CATEGORIES TO COVERING 53. MICHIGAN WILL RANK 27TH
NATIONALLY IN THE NUMBER OF TAXED SERVICES.
MICHIGAN IS TIED WITH NINE OTHER STATES THAT HAVE A SIX PERCENT
SALES TAX, THE NATION'S 11TH HIGHEST.
THE WASHINGTON-BASED TAX FOUNDATION PROJECTS MICHIGAN WILL HAVE
THE 11TH-HIGHEST STATE AND LOCAL TAX BURDEN NATIONALLY ONCE ALL THE
TAX INCREASES KICK IN.
BUT STATE OFFICIALS SAY MICHIGAN'S TAX BURDEN WILL RISE NO MORE
THAN FOUR SPOTS TO 22ND UNDER THE NEW TAX STRUCTURE.

(COPYRIGHT 2007 BY THE ASSOCIATED PRESS. ALL RIGHTS RESERVED.)


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