Michigan Smokers, Drinkers Paid Twice as Much in Total Taxes as its Businesses Did

By Kerry Eleveld, Daily Kos – Michigan has found a way to make up for some of its budget shortfall after cutting corporate taxes to the bone — just tax people who smoke and drink more! Chad Livengood reports: Revenue from so-called sin taxes on tobacco, beer, wine and liquor totaled $290.5 million in the 2014 fiscal year, more than twice the $137.6 million net income taxes paid by Michigan businesses after receiving $768.8 million in refunds from tax credits, a Detroit News analysis of tax data shows.Since Gov. Rick Snyder and lawmakers delivered sweeping tax relief for businesses in 2011, net business income taxes dropped 90 percent, depleting the state’s main operating fund of $1.33 billion, according to state revenue data. GOP Gov. Snyder and his Republicans (who control both chambers) sure did “deliver.” So much so that the data show tax receipts from business had dropped from accounting...

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