LANSING, Mich. (AP) -- Gov. Rick Snyder recently signed into law a tax cut expected to save individuals an average $10 per person when they fill out their tax returns next year.
The law drops the tax rate drop from 4.35 percent to 4.25 percent three months earlier, in October rather than next January.
The law also increases how much someone can earn before taxes kick in. The personal exemption will climb from $3,700 per person to $3,950 per person on Oct. 1, then increase by $50 on Jan. 1, 2014, and by $100 on Jan. 1, 2017.
Republicans say they the changes will help taxpayers and the economy, but Democrats say they're just an election-year gimmick.
The GOP-led House has passed a bill dropping the income tax rate to 3.9 percent by 2018.
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