April 21, 2015

Lansing State Journal: Tax proposal will cost some $500 per household

media mention

The average tax hike for the middle fifth of Michigan households — those making $40,000 to $64,000 a year — would be $267, or $22 a month, according to an analysis by the Washington-based Institute on Taxation and Economic Policy for the Michigan League for Public Policy, an advocacy group in Lansing focused on poverty.

Those in the bottom fifth earning less than $20,000 would see a $24 annual tax cut on average. The top bracket of earners with incomes primarily ranging from $100,000 to $431,000 would pay on average $497 to $697 more a year, the study found.

Click here to read more.