Michigan is Imploding Again

[Richard]

HAhahahohoho!
'Cause they'll move to Kansas.
We'll lose the race to the bottom.

Timeline: 5 Years of Kansas’ Tax-Cut Disaster
https://www.cbpp.org/blog/timeline-5...x-cut-disaster

'We are a cautionary tale': Kansas feels the pain of massive Trump-style tax cuts
https://www.theguardian.com/us-news/...nomic-disaster

That race is to shameful defeat.

Currently, six states – Nevada, Ohio, South Dakota, Texas, Washington, and Wyoming – do not have a corporate income tax. However, four of those states – Nevada, Ohio, Texas, and Washington – do have some form of gross receipts tax on corporations. Moreover, five of those states – Nevada, South Dakota, Texas, Washington, and Wyoming – as well as Alaska and Florida currently have no personal income tax. Individuals in New Hampshire and Tennessee are only taxed on interest and dividend income.

https://www.nolo.com/legal-encyclope...ncome-tax.html

Funny how all of those states do not have an issue with low taxes,Florida Even has a budget surplus along with its low tax benefits.

Hey got problems,blame Trump.

It is not how much you make,it is how you spend it.

Why is it the States with no personal income tax do just fine while the states that levy a personal income tax need more to survive?

If Michigan lowered its corporate tax and eliminated the personal income tax it would crash and burn while revolving into a third world state?

People and corporations are fleeing high tax cities and states,I know,let’s create higher tax rates in order to encourage them to stay,said nobody.

[313WX]

Currently, six states – Nevada, Ohio, South Dakota, Texas, Washington, and Wyoming – do not have a corporate income tax. However, four of those states – Nevada, Ohio, Texas, and Washington – do have some form of gross receipts tax on corporations. Moreover, five of those states – Nevada, South Dakota, Texas, Washington, and Wyoming – as well as Alaska and Florida currently have no personal income tax. Individuals in New Hampshire and Tennessee are only taxed on interest and dividend income.

https://www.nolo.com/legal-encyclope...ncome-tax.html

Funny how all of those states do not have an issue with low taxes,Florida Even has a budget surplus along with its low tax benefits.

Hey got problems,blame Trump.

It is not how much you make,it is how you spend it.

New Hampshire and Wyoming are retirement destinations for upper middle class white people.

Same with Nevada, Tennessee and Florida to a lesser extent, whom also benefit from a ridiculous amount of tourist dollars.

Alaska and South Dakota might as well be backwaters like Kansas, while Washington had similar issues as Michigan [[remember "Last one in Seattle, turn out the lights!?") before Bill Gates and Jeff Bezos came along.

Ohio is also in the same boat as Michigan.

Texas is well...Texas. They sit on top of massive reserves of oil and natural gas, which are product that people will always have to purchase regardless of how good or bad the economy is.

So I guess Detroit / Michigan should pray for its own Jeff Bezos and Bill Gates to come along, eh?