The Big Al
Meteorologist
- Joined
- Mar 5, 2005
- Messages
- 3,799
- Reaction score
- 10
Let me tell you about the DUMBEST tax ever created.
It's called the single business tax and in the 70's Michigan adobted it. Basically, the single business tax taxes companies that hire workers in Michigan (like I said the dumbest tax ever).
The Rpublican rich boy Dick DeVos i talking about abolishing it but while that's a great idea, there's a snag h's not talking about. Michigan must BY LAW balance it's budget every year. Every dollar spnt must be paid for up front and the Single Business Tax makes up 10% of the state budget and there isn't much left to cut out of the budget without cutting into essential services that the state can't afford to cut.
So if we want to abolish the SBT, most of the Engler era tax cuts have to repealed. ither that or states services get even shittier than they are now.
Any opinions what Michigan should do about this?
It's called the single business tax and in the 70's Michigan adobted it. Basically, the single business tax taxes companies that hire workers in Michigan (like I said the dumbest tax ever).
The Rpublican rich boy Dick DeVos i talking about abolishing it but while that's a great idea, there's a snag h's not talking about. Michigan must BY LAW balance it's budget every year. Every dollar spnt must be paid for up front and the Single Business Tax makes up 10% of the state budget and there isn't much left to cut out of the budget without cutting into essential services that the state can't afford to cut.
So if we want to abolish the SBT, most of the Engler era tax cuts have to repealed. ither that or states services get even shittier than they are now.
Any opinions what Michigan should do about this?
