Published on January 7, 2012 in Tax Tips
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In my previous post, I mentioned how good Michigan retirees had it prior to 2012.  Prior to 2012, most Michigan retiree income was exempt from Michigan Income tax.  That changes in 2012, and here is the explanation.  Remember, I mentioned that the impact depends on when you were born, and how old you are. Michigan [...]

Published on January 4, 2012 in Tax Tips
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As many people know, beginning in 2012, Retirees will be taxed differently.  Last year, Michigan’s new Governor, Rick Snyder, signed into law legislation that is designed to generate more jobs in the state.  He effectively reduced the tax burden on many small businesses located in Michigan, and shifted it to other groups. One group that [...]