Income Tax Hike?

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"I don't think the city of Lansing's employees and citizens are able to handle more tax increases," Charles Whitbe says.

"I think most people would barely notice it," Kim Rhead, of Holt disagrees.

On the topic of an income tax hike, Michiganders are divided.

The latest poll from Epic-MRA says 43 percent are in favor, 50 percent against, and 7 percent undecided.

For a person who makes $50,000 dollars a year, a .5 percent hike to 4.4 percent would cost you $250 bucks a year. A .7 percent hike to 4.6 percent would mean 350 dollars a year.

That $350 would equal about 88 cups of gourmet coffee, 17 trips to the barber. At today's prices, it's about 109 gallons of gas, or 8 fill-ups in a sedan.

An increase in the income tax alone could not fill the state's total budget deficit. The governor's calling for several different kinds of smaller tax increases plus cuts. Opponents say try wage concessions, consolidation of state agencies, reforms that don't involve the tax code.

The state's income tax was 4.6 percent in the early 1990s. It's been cut twice since then.

The state's treasury department says current levels put Michigan 26th of 50 states in total state taxes.



 
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