Your wallet is a tax loophole...
Friends,
Do you know what a "tax expenditure" is? State Treasury does. Every year, state Treasury compiles a book called the 'Tax Expenditure Report'. The report is a list of everything in Michigan that has escaped being taxed and therefore, because the money is in YOUR pocket instead of in Treasury's coffers, is considered to be an expenditure of the state.
An example; food from the grocery store is exempt from the state sales tax. To Lansing, that is a missed opportunity - a state expenditure - of money that could (should!!!) be in government's hands. Same with the money you save when your home is taxed at a rate lower than commercial property. That 'lost revenue' for the government is compiled in the Tax Expenditure Report, which Governor Granholm describes as a list of "tax loopholes."
Yep, the fact that medicine is exempt from the sales tax is considered a tax loophole by the Granholm administration.
If you get this email in time, tune in to Frank Beckmann's radio show this morning on WJR 760 at 9:45am to hear show guest Ken Braun discuss 'tax expenditures'. Ken is an analyst for the Mackinac Center for Public Policy and the former Chief of Staff for a former Macomb County state lawmaker who shall remain nameless...
Tune in if you can.
Leon Drolet
MI Taxpayers Alliance
Do you know what a "tax expenditure" is? State Treasury does. Every year, state Treasury compiles a book called the 'Tax Expenditure Report'. The report is a list of everything in Michigan that has escaped being taxed and therefore, because the money is in YOUR pocket instead of in Treasury's coffers, is considered to be an expenditure of the state.
An example; food from the grocery store is exempt from the state sales tax. To Lansing, that is a missed opportunity - a state expenditure - of money that could (should!!!) be in government's hands. Same with the money you save when your home is taxed at a rate lower than commercial property. That 'lost revenue' for the government is compiled in the Tax Expenditure Report, which Governor Granholm describes as a list of "tax loopholes."
Yep, the fact that medicine is exempt from the sales tax is considered a tax loophole by the Granholm administration.
If you get this email in time, tune in to Frank Beckmann's radio show this morning on WJR 760 at 9:45am to hear show guest Ken Braun discuss 'tax expenditures'. Ken is an analyst for the Mackinac Center for Public Policy and the former Chief of Staff for a former Macomb County state lawmaker who shall remain nameless...
Tune in if you can.
Leon Drolet
MI Taxpayers Alliance
posted by Leon Drolet at
12:55 PM
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