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Friday, May 3, 2024

Taxes News

Taxes

2019 Migration: How many people moved to Macomb County from the same state?

13,705 people from across the state moved to Macomb County during 2019, an increase over the previous year, according to the Internal Revenue Service.

By St. Clair Today | Apr 12, 2023

Taxes

2019 Migration: How many people moved to Macomb County?

17,423 people moved to Macomb County during 2019, an increase over the previous year, according to the Internal Revenue Service.

By St. Clair Today | Apr 12, 2023

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Taxes

2019 Migration: How many people moved to Macomb County from across the country?

By St. Clair Today | Apr 12, 2023

3,686 people from across the country moved to Macomb County during 2019, an increase over the previous year, according to the Internal Revenue Service.

From Great Lakes Wire

Top marginal tax rate in Michigan could reach 53.59% under Biden plan

By Metric Media News Service | 3 years ago

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.

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Taxes

Mackinac Center: The right sum for the next COVID-19 federal relief is $0

By Benjamin Kibbey | Oct 12, 2020

While President Donald Trump and Congressional leadership contend over the terms of another federal bailout that could range anywhere from $200 billion to $1 trillion, providing state and local governments with additional COVID-19 relief funds, critics argue that there shouldn't be another bailout at all.

From Great Lakes Wire

Michigan Gov. Gretchen Whitmer gets ‘F’ grade for fiscal management

By Metric Media News Service | 3 years ago

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.

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Taxes

Macomb business owner seeks Detroit Institute of Arts financials prior to millage vote

By Benjamin Kibbey | Mar 9, 2020

A local business owner in Macomb County is suing for the release of the Detroit Institute of Arts (DIA) financial information as the museum seeks renewal of a 10-year millage at the Tuesday, March 10, general vote.

From Great Lakes Wire

IRS audit rate for Wayne County residents is highest in Michigan

By Michael Carroll | 4 years ago

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.

From Great Lakes Wire

Michigan depends on property taxes for 34.6% of its state, local funds

By Michael Carroll | 4 years ago

Michigan relies on property taxes for 34.6 percent of its total state and local revenues, according to a Tax Foundation ranking of the 50 states.

From Great Lakes Wire

Lake ranks the poorest of Michigan counties

By Michael Carroll | 4 years ago

Lake County was ranked the most impoverished county in Michigan in a 24/7 Wall St. analysis of the least affluent regions in all 50 states.

From Great Lakes Wire

Michigan places tax of 20 cents per gallon on beer

By Michael Carroll | 4 years ago

State taxation on beer in Michigan amounts to 20 cents per gallon, according to an analysis from the Tax Foundation based on January 2019 data.

From Great Lakes Wire

Michigan collects 51 cents per gallon in wine taxes

By Michael Carroll | 4 years ago

The wine excise tax in Michigan amounts to 51 cents per gallon, according to a Tax Foundation study based on January 2019 data.

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Taxes

State criticized for granting lucrative subsidies to Acrisure Insurance

By Sarah Downey | Nov 1, 2019

The Michigan Economic Development Corporation has approved $7 million in tax incentives for Acrisure Insurance as it plans to move from Caledonia to Grand Rapids in 2021.

From Great Lakes Wire

Michigan ranked ‘not tax-friendly’ in new Kiplinger tax guide

By Michael Carroll | 4 years ago

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.

From Great Lakes Wire

Michigan receives ‘D’ grade on national ranking of states’ fiscal health

By Michael Carroll | 4 years ago

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).