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Monday, March 06, 2006

Group Seeks Michigan Earned Income Credit

The Lansing State Journal reports that the Michigan League for Human Services, a Lansing-based advocacy group, is asking Michigan to follow the lead of many other states and put a state earned income tax credit in place that would significantly decrease the taxes the working poor are asked to pay. Michigan is one of just five states that tax families of four with annual incomes below $14,000 (at the 3.9% Michigan tax rate). The article points out that in 2003, over 1/3 of eligible taxpayers in Michigan didn't file to collect the federal EIC, leaving $214 million in potential credits unclaimed.

Michigan League for Human Services web site

Read More (external link) »

# posted by farlane @ 9:09 AM
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