Gov. Rick Snyder signs Michigan business/income tax overhaul into law

How is raising taxes fiscal responsible?

Thank you TEA partiers? We trully are now Taxed Enough Already.

"Snyder said the plan defuses what he called the “time bomb” of an aging demographic in Michigan that threatened to push more and more of the state tax burden onto younger wage earners."

This wouldn't be a problem if younger workers were making more, and their education was less expensive.

Perhaps this is why "It is easier for a camel to walk through the eye of a needle than it is for a wealthy man to enter the kingdom of God" Matthew 19:24. Your time will come Snyder and you'll have to answer for all the people you have impoverished further with this bill.

Is there anywhere where the full details of this law is at to read. The homestead property tax was for renters also, I wonder if any changes was made to that part of it and not just homeowners...

This is great news. Everyone gets a tax increase! And, All these state and education workers that will be let go in the next few months will have so many new jobs to pick from they wont know what to do. Finally these businesses enjoying record profits, can start hiring again. Because we all wondered, why would a business hire anybody when they are paying so much in taxes, I mean it just wouldn't make any sense, but now they are free to hire again! Yippppeeee. Thanks Republicans. Hey, next, can you make sure my grandma has more choices to negotiate her healthcare? She really needs more choices in the free market profit driven insurance world. Say what you will about my grandma, but she is one tough negotiator, she is going to be able to get such a great deal on healthcare in her latter years, these insurance companies better get ready.

So for $15.00 I can go downtown and file a DBA, selling widgets.

I can now deduct many expenses same as any business.

So if I use my car , my phone, my internet to conduct my business I can take a deduction against all my income including a pension even if I sell only 1 widget for $5.00?

Looks like this,

Pension income $27,000 .

58 years old.

Business income $5.00 sold one widget . With reciept

Used Car, phone, fax, stamps, internet, insurance etc.= -$27,000

Total income $27005.00
Total deduct 27000.00

Taxable income $5.00

So much for simplifying taxes for everybody. Also I find it amazing how a Republican raises taxes and not one word from Conservatives. It's ok if my party cuts taxes but I'll be damned if I will criticize if they raise taxes. That's what this is folks...raising taxes.

Oh, one more thing, Hey Rick, what private school did you send your kids to again? I'm in the market for a private school, one that values education and the teachers that teach my children, because, clearly, nobody values public education anymore, that darn entitlement program! And have a great summer on your yacht Ricky! I'm sure your waits in the icecream lines will be less and less now that these cone shops can afford to hire more help.