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The State of Michigan at the State-level has approximately $10.13 billion of the taxpayer's money it is not using, i. e. surpluses equal to $1,009 for every man, woman and child in Michigan or $4,034 for a family of 4.
Originally posted by Voxel
This is an old tactic and could be a thread unto itself.
The state claims that they can't work out a budget then they scare everyone into accepting property or sales tax increases to keep the state from going "bankrupt."
DON'T FALL FOR IT! The states EACH have BILLIONS in assets that they don't claim on "budget" reports because the states don't do accounting like businesses or individuals are required to.
Originally posted by DeepCoverUK
If you havent fiddled your taxes, you have nothing to fear!
Originally posted by theRiverGoddess
they will force you to pay all over again. They will take the furniture out of your house and the clothes off your back.
So there is a whole heck of allot to fear! If the IRS comes asking for an audit of a few past years if your paperwork files are not air tight you do have cause to fear.
[edit on 29-9-2007 by theRiverGoddess]
Businesses were wincing at the thought of a 6 percent services tax state, afraid it will drive away customers or force them to hike prices to offset the loss.
From ski resorts to tanning salons, business owners worried about how clients would respond to the hike. Other services targeted under the proposal include landscaping, security system services and carpet cleaning. The tax would raise $600 million from December through September 2008 and $725 million annually thereafter. The state House passed the measure Sunday evening; the Senate passed the sales tax expansion early today.
Michigan's elected officials performed miserably in the handling of this crisis. The opportunity was there in February for Granholm to rally lawmakers and the citizenry to use the massive budget shortfall as an opportunity to reinvent government.
Instead she offered a solution that protected the status quo in Lansing with one of the largest tax hikes in Michigan history. She was supported by House Speaker Andy Dillon, D-Redford and his majority caucus, even though throughout the process Dillon paid lip service to the need for innovation and bold ideas.
Originally posted by DontTreadOnMe
This was just a ploy to gain public sympathy for raising taxes.
Somehow I don't think it's gonna work.