The Daily News: Lower Discusses Failed Effort to Cut Income Tax
media mentionAccording to Gilda Jacobs, executive director of the Michigan League for Public Policy, the tax relief for the lowest earners at less than $22,000 a year would be only $16 per year, while the wealthiest earners at more than $484,000 would get a tax benefit of $3,700 a year. The average Michigan worker with an annual wage of $50,000 would see a tax savings of $150 a year.
Jacobs said those statistics were provided by the Institute on Taxation and Economic Policy.