MI FairTax will end excessive tax compliance costs (hidden in prices), provide more disposable family / business $'s, and make MI *the* biz+jobs destination!
We, the people of Michigan, are alarmed, and we have taken to the streets because of the loss of proper respect and service by those we’ve sent to Lansing (and Washington) to represent US! However, unless our Michigan Tea Parties can channel energy into a vehicle of concrete action, the past century has shown us that we’ll continue to proceed down the path to less freedom, fewer liberties, less economic opportunity, more taxes, and larger government!
The Michigan legislature not long ago enacted the Michigan Business Tax [MBT] as a response to public pressure to end the Single Business Tax [SBT] (a gross receipts tax, taken before expenses). Trouble is, the MBT still remains a gross receipts tax - and Michigan is sinking - daily !.
" Let's pay taxes when we SPEND our money, not when we EARN it ! "
Our goal is to do REPLACE the income tax system in Michigan. Concerned citizens in Michigan have been learning about a fairer, progressive consumption tax plan known as the Michigan FairTax. In order to give Michigan voters the power to choose, we are underway with a campaign to place the Michigan FairTax on the 2010 general election ballot.
The Michigan FairTax will both simplify, and stimulate, Michigan's business / jobs climate in a dramatic and ongoing basis. It will replace the income tax and current sales tax, with a consumption tax (sales tax at point of retail sale) while un-taxing all purchases up to poverty level. This means that no more withholding of state tax from Michigan wage-earners' paychecks. What's more, every Michigan resident-family will receive a monthly "prebate" check, in amount based on family size. This will ensure that NO Michigan family will EVEN BEGIN paying the MI FairTax on goods / services unless, or until, they exceed poverty-level spending.
Eliminating inefficiency. No more business income tax costs in consumer prices.
Under a FairTax system, points of collection will be dramatically reduced (from millions of individuals to considerably fewer retailers, many of whom are already collecting sales tax). Michigan wage-earners will no longer experience income tax collectors adding interest and penalties to tax bills they only found out about after their return was prepared (and PAID for) at the end of the year. With a Michigan FairTax, income tax returns, audits, interest and penalites vanish.
Because service providers, under the current system, must account for income tax withholding and compliance costs, Michigan consumers pay a hidden tax in higher prices which will become visible under the MI FairTax. (The MI FairTax EXCLUDES business-to-business purchases as this would, again, hide the cost of taxation in prices.)
(We seldom email state-wide, generally notifying members nearby to events or initiatives.)
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Protects basic necessities. No more tax shelters for big spenders.
Because of the monthly "prebate" check (calculated as .0975 x $ [ poverty level per family size] ) to ALL Michigan-resident households, the MI FairTax rate would effectively be 0% on all monthly family spending up to the monthly poverty level, thereafter it's 9.75%. A reasonable average effective rate, inferred, would be about 5.5% (that's without putting anything away!) Monies placed into savings are not available to spend, and therefore would reduce a family's effective tax rate.
What's more, interest earned on savings would no longer be taxed. Accumulating capital for desired goods is easier under FairTax. Further, "higher tax brackets" vanish under MI FairTax. So, go ahead. Work overtime! It's yours. The state only gets paid, when YOU DECIDE to go shopping!
Less credit cards, more savings!
Under MI FairTax, banks will rely less on credit card payments ("getting blood" from paychecks that are already compromised by income tax withholding) because with more disposable income, families will save more. Bankers will have greater deposits to loan - at lower interest rates - to a healthier economy of more businesses employing more people.
MI FairTax turns the current debt-driven financial system (benefitting those who lend) to a savings-driven system (benefitting those who save).
" Act. Right now - ' light your candle ' ! "
Join our email list to learn how you can help advance the Michigan FairTax plan.
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Made popular by the federal FairTax bill (H.R. 25, which was either co-sponsored or otherwise endorsed by several 2008 presidential candidates), this approach to taxation reaches across the political spectrum
Why the FairTax idea is right for America's working families.
Mike Gravel (D), "If the rich liked the FairTax, why aren't they supporting my campaign?"
Mike Huckabee (R), "FairTax most important way to transform economy."
Ron Paul (Libertarian R), "Though not a co-sponsor of FairTax bill, I'd vote for it."
Dr. Laurence Kotlikoff believes that it will take the FairTax to reverse unfunded U.S. gov't obligations, about $53$88 trillion and counting !!
-------- The income tax scheme was enacted the same year as the Federal Reserve. The intended purpose was to ensure that "the banksters" would get their interest payments. A more efficient mechanism was introduced when Economist Milton Friedman (of all people!) suggested that income tax be withheld in 1943 (only for the duration of WWII). The politicians would NEVER let go of this. They get theirs FIRST. When I learned that Minister Farrakhan was educating his followers as to the history of the Federal Reserve and the income tax, I garnered new found respect for him:
-------- We'll admit that Minister Farrakhan is a controversial figure. But, how about the former Chief Economist of the International Monetary Fund? He is calling the Federal Reserve owners (though indirectly) by their actual status titles: OLIGARCHS! Here he discusses his doubts as to the U.S. Treasury Secretary's ability to move against their control:
Bill Moyers' asks Simon Johnson, "Can Treasury Sec. Geitner break from the monied elites?"
Johnson (former Chief Economist at the International Monetary Fund) replies, "I'm worried."
It is up to us to demand REDRESS OF GRIEVANCE to free ourselves from this tyranny of the banksters.
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i would like a fair tax in MI, but i know that the national fair tax movement still taxes 'income' so whats the point?..our whole system will be finished by 2014 according to gerald celentes, who is seldom wrong...I say let it collapse then we can pick up the pcs and start over, i dont pay income taxes anyway, havent in 20yrs, and never will...it would be a better system but the income tax violates the taxing clauses in the constitution, direct and indirect taxes, if im wrong let me know.. thanx
Lol What do you do with your spare time. I sure will send this to my contacts and after the meeting on Thursday here in Montcalm Co I will be in contact with you. This should be interesting. It will be my first Republican Party meeting. Just going to go in and get the feel for what they are doing and where they stand. If I read an e-mail right I got from the county chair who appeared to be a bit irritated with how things were going here it might be very interesting.
Thank you for the response to my debate. Sign me up for the Fair Tax Group. I am mad a hell and i am not going to take it anymore. We here in Mi. are taxed to death, with state tax, city tax, income tax, entertainment tax, food tax, tax on savings, gas tax, cigarette tax, which is already taxed, and of course lest we forget the penalties ,and the list goes on. Thank you for all your hard work, we have to stick together to make this work for us, and not the government. We run them, not visa versa. SIGN ME UP, THIS IS MY GOVERNMENT.
I am very interested in joining this group. As a small businesswoman, I am literally being taxed to death here in MI and wish I would have moved out of this state when I had the chance. Clueless Jenny is just that......clueless.
Thanks Fisher
I have been doing somewhat better the last week or so. I hope to be able to be online daily and to continue to keep my site updated.
Thank you for all your hard work.
Hope all is well with you.
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I am very interested in joining this group. As a small businesswoman, I am literally being taxed to death here in MI and wish I would have moved out of this state when I had the chance. Clueless Jenny is just that......clueless.
I have been doing somewhat better the last week or so. I hope to be able to be online daily and to continue to keep my site updated.
Thank you for all your hard work.
Hope all is well with you.
Thanks,
Peggy
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