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Politics & Government

Report: How Snyder's tax plan would affect you

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Allan Cleaver
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FLICKR - http://bit.ly/1xMszCg
Your state taxes are likely to change.

Ever since Governor Rick Snyder released his budget plan last month, people have been looking at the details and wondering how they might be affected by the plans.

For people with pensions and the working poor, it's been clear, you would pay more if Snyder's plan is approved. But how much more?

The Detroit Free Press, in a series of reports, is seeking to break down the numbers. In their first report What Snyder's income tax plan means for you they summarize their findings this way:

Parents with low-paying jobs would stop getting state income supplements worth as much as $1,000. High-income retirees with generous pensions would pay thousands of dollars more. But taxpayers in brackets that cover most Michiganders would see little change in their state income tax bill under Gov. Rick Snyder's sweeping proposals.

The Freep provides some detailed examples of how the tax proposals might affect certain people. The bottom line from their detailed examples:

Retired couple with pensions and investment income

  • Currently pay $70
  • Under Snyder's plan would pay $4,063

Low-income single working mother with 2 children

  • Current refund $877
  • Under Snyder's plan would pay $166

Middle-income single mother with 2 children

  • Currently pay $1,871
  • Under Snyder's plan would pay $1,866

Average working couple with 3 children

  • Currently pay $3,489
  • Under Snyder's plan would pay $3,464

Affluent working couple

  • Currently pay $8,439
  • Under Snyder's plan would pay $8,925
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