Monday, October 31, 2005
Small Business Association Supports Tax Reform
MITECHNEWS.com reports that the directors of the Small Business Association of Michigan is backing the Michigan Fair Tax. The new state tax reform concept would eliminate business taxation and instead tax goods and services only once and at the point of final purchase by the consumer. The bad news is that the plan would increase the Michigan sales tax from 6% to 8 or 9% to recover lost revenue.
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