Under Democratic presidential candidate Joe Biden’s federal tax plan, the top marginal tax rate in Michigan could hit 53.59%, according to a new analysis by the Tax Foundation.
Democratic Gov. Gretchen Whitmer received a grade of “F” from the Washington-based CATO Institute for her tax and spending policies since 2018, according to a ranking of governors that comes out every two years.
Wayne County residents were audited by the Internal Revenue Service at a greater rate than all similar jurisdictions in Michigan, according to an analysis by the website 24/7 Wall St.
The overall tax system in Michigan was dubbed “not tax-friendly” in a recently released 50-state tax guide published by the Kiplinger business forecasting website.
Michigan would need $55 billion to pay all of its bills, including public employers’ pension benefits, according to a new ranking of the states’ fiscal health by Truth in Accounting (TIA).
Following his vote in favor of the state's 2020 budget, Michigan state Rep. Scott VanSingel (R-Grant) highlighted how the budget will continue to support efforts to invest in higher education.