Tax Foundation
Recent News About Tax Foundation
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From Great Lakes Wire
Top marginal tax rate in Michigan could reach 53.59% under Biden plan
Under Democratic presidential candidate Joe Biden’s federal tax plan, the top marginal tax rate in Michigan could hit 53.59%, according to a new analysis by the Tax Foundation.
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Cigarette tax and smuggling rate linked
Despite cigarettes being legal, there is still a black market for them, especially in areas with high cigarette taxes.
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From Great Lakes Wire
Michigan depends on property taxes for 34.6% of its state, local funds
Michigan relies on property taxes for 34.6 percent of its total state and local revenues, according to a Tax Foundation ranking of the 50 states.
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From Great Lakes Wire
Michigan places tax of 20 cents per gallon on beer
State taxation on beer in Michigan amounts to 20 cents per gallon, according to an analysis from the Tax Foundation based on January 2019 data.
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From Great Lakes Wire
Michigan collects 51 cents per gallon in wine taxes
The wine excise tax in Michigan amounts to 51 cents per gallon, according to a Tax Foundation study based on January 2019 data.