Article Summary:
An estimated $600 million of the $1.4 billion tax increase imposed on Michigan last fall will come from a 22 percent surcharge lawmakers added to the Michigan Business Tax, the state’s primary income levy on companies doing business within the state. The end result, according the Michigan Chamber of Commerce, has been to create a Michigan Business Tax that is much more complicated, costly and destructive to economic growth than even the notorious Single Business Tax that it replaced.
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