The Detroit Free Press in its editorial Find Tax Relief for State's Poor bemoans that Michigan's Income tax kicks in at one of the lowest income levels in the Country, and subjects the working poor to pay income tax like everyone else.
The press then has this nice chart showing the income amount and taxes imposed by such a low cut-off for levying the tax.
From the chart it seems a family of three making $11,645 or the minimum wage for one worker would pay a whopping $21, yes all of twenty-one dollars,
in income tax.
The Freep then states the new Michigan Earned Income Tax credit effective next year will "rectify" this problem by sheltering more of the income from tax and essentially removing many completely from the income tax rolls while they will still enjoy the benefits and subsidies from the State.
It is appropriate that all working residents of Michigan pay some income taxes, as long as we have an income tax, so that we do not continue our progression to where those with less can vote themselveslargess through tax increases that will not effect them. If you live here and work here, you should be subject to the same taxes as anyone else.
Wednesday, March 28, 2007
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