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Whitmer announces Tax Cut

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Rate This
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Re: Whitmer announces Tax Cut

Post by Rate This » Fri Jan 27, 2023 11:12 pm

lidoshuffle wrote:
Fri Jan 27, 2023 5:20 pm
Mega Hertz wrote:
Thu Jan 26, 2023 10:05 pm
I'm just checking in to who is going to have a problem with this plan.
How about these tax cuts be implemented, immediately??
Not phased in over a few years....
not on hold while the legislature debates figures and amounts..
Do it, NOW, not later, right now...
Proper planning beats "do it now" every time.



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Re: Whitmer announces Tax Cut

Post by Round Six » Sat Jan 28, 2023 4:14 am

Rate This wrote:
Fri Jan 27, 2023 11:12 pm
lidoshuffle wrote:
Fri Jan 27, 2023 5:20 pm
How about these tax cuts be implemented, immediately??
Not phased in over a few years....
not on hold while the legislature debates figures and amounts..
Do it, NOW, not later, right now...
Proper planning beats "do it now" every time.
I'm leaning towards agreeing with Lido on this. But not for the reason he gives. Waiting to implement could equate to money burning in their pockets. And they can't help spending it on something else.


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Re: Whitmer announces Tax Cut

Post by craig11152 » Sat Jan 28, 2023 6:31 am

In the big scheme I'm not sure how cutting taxes AND funding universal preschool would work.
Or is she leaving the funding to local schools.


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Re: Whitmer announces Tax Cut

Post by audiophile » Sat Jan 28, 2023 6:59 am

TC Talks wrote:
Fri Jan 27, 2023 11:01 pm
lidoshuffle wrote:
Fri Jan 27, 2023 5:20 pm
Mega Hertz wrote:
Thu Jan 26, 2023 10:05 pm
I'm just checking in to who is going to have a problem with this plan.
How about these tax cuts be implemented, immediately??
Not phased in over a few years....
not on hold while the legislature debates figures and amounts..
Do it, NOW, not later, right now...
How about we wait till your dead...
Death Deacon?


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Re: Whitmer announces Tax Cut

Post by Matt » Sat Jan 28, 2023 7:54 am

craig11152 wrote:
Sat Jan 28, 2023 6:31 am
In the big scheme I'm not sure how cutting taxes AND funding universal preschool would work.
Or is she leaving the funding to local schools.
She's creating a structural deficit for a future Republican governor to fix.


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Re: Whitmer announces Tax Cut

Post by MWmetalhead » Sat Jan 28, 2023 9:02 am

The pension tax repeal is an unnecessary handout and out of line with most other states.
I was hoping for a broad based tax rate reduction for all seniors, not just those who collect income from a pension.

Some articles I read suggested only public employee pension income would receive the tax break, whereas other articles simply mentioned "pension income." Anyone know for sure?

I'd leave the pension tax rates alone and instead propose either (i) a primary homestead property tax break for seniors or (ii) an across the board income tax rate reduction for seniors.

Universal pre-school funding is a waste of money:

https://www.npr.org/2022/02/10/10794060 ... ndergarten
https://www.edweek.org/leadership/are-t ... ed/2018/07

Funding should be focused on special needs children.



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Re: Whitmer announces Tax Cut

Post by TC Talks » Sat Jan 28, 2023 9:13 am

MWmetalhead wrote:
Sat Jan 28, 2023 9:02 am
The pension tax repeal is an unnecessary handout and out of line with most other states.
I was hoping for a broad based tax rate reduction for all seniors, not just those who collect income from a pension.

Some articles I read suggested only public employee pension income would receive the tax break, whereas other articles simply mentioned "pension income." Anyone know for sure?

I'd leave the pension tax rates alone and instead propose either (i) a primary homestead property tax break for seniors or (ii) an across the board income tax rate reduction for seniors.
I seem to recall that there was a tax break that explicitly excluded pension income a few years back.


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Re: Whitmer announces Tax Cut

Post by MWmetalhead » Sat Jan 28, 2023 9:52 am

To what are you referring?



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Re: Whitmer announces Tax Cut

Post by audiophile » Sat Jan 28, 2023 10:52 am

MWmetalhead wrote:
Sat Jan 28, 2023 9:02 am
The pension tax repeal is an unnecessary handout and out of line with most other states.
I was hoping for a broad based tax rate reduction for all seniors, not just those who collect income from a pension.

Some articles I read suggested only public employee pension income would receive the tax break, whereas other articles simply mentioned "pension income." Anyone know for sure?

I'd leave the pension tax rates alone and instead propose either (i) a primary homestead property tax break for seniors or (ii) an across the board income tax rate reduction for seniors.

Universal pre-school funding is a waste of money:

https://www.npr.org/2022/02/10/10794060 ... ndergarten
https://www.edweek.org/leadership/are-t ... ed/2018/07

Funding should be focused on special needs children.
I read it was only on municipal pensions. https://www.yahoo.com/news/michigan-leg ... 55797.html

I like your plan (i).

The preschool is plan is probably a waste of money, and there is shortage of teachers, so it's probably going to happen anytime soon for those who really could use it.


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Re: Whitmer announces Tax Cut

Post by craig11152 » Sat Jan 28, 2023 11:27 am

From my limited understanding, a pension has no or limited employee contribution and the monthly payout stays the same until you die. That of course doesn't address underfunding a pension.
A 401K plan is mostly funded by employee contribution with some limited level of employer contribution. There is a limited amount to collect from so in theory it could go dry before you die.
Is that more or less accurate? Simplistic as it is?


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Re: Whitmer announces Tax Cut

Post by craig11152 » Sat Jan 28, 2023 11:31 am

audiophile wrote:
Sat Jan 28, 2023 10:52 am
The preschool is plan is probably a waste of money, and there is shortage of teachers, so it's probably going to happen anytime soon for those who really could use it.
Also a shortage of bus drivers and bus monitors and probably busses too.


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Re: Whitmer announces Tax Cut

Post by km1125 » Sat Jan 28, 2023 12:07 pm

craig11152 wrote:
Sat Jan 28, 2023 11:31 am
audiophile wrote:
Sat Jan 28, 2023 10:52 am
The preschool is plan is probably a waste of money, and there is shortage of teachers, so it's probably going to happen anytime soon for those who really could use it.
Also a shortage of bus drivers and bus monitors and probably busses too.
Does it get more complicated to put "pre-K" kids on the busses? I know there're not much younger than kindergarten kids, but are there even issues with kindergarten kids on the same busses with older kids? Would pre-K make any of those issues worse? (I honestly don't know about any of these, just wondering)



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Re: Whitmer announces Tax Cut

Post by craig11152 » Sat Jan 28, 2023 1:46 pm

km1125 wrote:
Sat Jan 28, 2023 12:07 pm
craig11152 wrote:
Sat Jan 28, 2023 11:31 am
audiophile wrote:
Sat Jan 28, 2023 10:52 am
The preschool is plan is probably a waste of money, and there is shortage of teachers, so it's probably going to happen anytime soon for those who really could use it.
Also a shortage of bus drivers and bus monitors and probably busses too.
Does it get more complicated to put "pre-K" kids on the busses? I know there're not much younger than kindergarten kids, but are there even issues with kindergarten kids on the same busses with older kids? Would pre-K make any of those issues worse? (I honestly don't know about any of these, just wondering)
I know in Ann Arbor preschoolers ride in separate busses and are all belted and harnessed in to seats. A max of I think 20 kids per monitor. So 21 kids would need two monitors. Kids are individually signed on to a bus and off a bus. At a bus stop parents have to sign a paper for the kid. Drivers keep notebooks of this paperwork that gets turned in at the end of the week and picked back up on Monday to start over. It is extremely regulated unlike K-12 (and young 5's) Gen Ed. Pretty much the only rule there is a kindergarten or young 5 has to be released to an adult at a bus stop, unless they walk home with an older sibling like 3rd grade or or above.
I think a lot of that may be mandated at a higher level .
Last edited by craig11152 on Sat Jan 28, 2023 2:46 pm, edited 1 time in total.


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Re: Whitmer announces Tax Cut

Post by craig11152 » Sat Jan 28, 2023 1:59 pm

To add to the above preschoolers ride on their own bus routes.
Elementary kids ride on their own bus routes.
High school and middle school will mix together on some routes.
On my middle school route in the afternoon 4 Gen Ed busses start at the middle school.
Six Gen Ed busses start at a high school and already have kids on board when they get to the middle school.

That is what Ann Arbor does. Can't speak to other districts except maybe Grosse Pointe where they don't bus anybody except Special Ed.


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Re: Whitmer announces Tax Cut

Post by MWmetalhead » Sun Jan 29, 2023 7:16 am

I like your plan (i).
Thanks.

There are states where such laws currently exist relative to property taxes. In the following states, seniors pay no property taxes on their homestead (a few on this list may surprise you):

Alabama
Alaska
Florida
Georgia
Hawaii
Mississippi
New Hampshire
New York
South Carolina
South Dakota
Texas
Washington

I'm not willing to go *that* far in terms of tax relief for seniors, but I think the first $150,000 to $200,000 of normally taxable value for primary residences owned by seniors should be tax exempt.

Another way to accomplish this would be to retool the homestead property tax credit that can be claimed by Michigan income tax return filers to extend much more generous benefits to seniors.



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