|
|
Post by VietnamVet1967 on Oct 20, 2023 22:05:28 GMT
This is from the Michigan.Gov site about where our sales tax is spent:
SCHOOL AID FUND Receives 60% of sales tax collections levied at a rate of 4% and 100% of sales
tax collections levied at a rate of 2%.
GENERAL FUND/
GENERAL PURPOSE
Receives sales tax revenue not dedicated for other purposes.
CONSTITUTIONAL REVENUE
SHARING
The State Constitution provides that 15% of collections from the 4% sales tax
be distributed to cities, villages, and townships on a per capita basis.
COMPREHENSIVE
TRANSPORTATION FUND
Receives approximately 1.2% of sales tax revenue. Revenue is used to plan and
develop public transportation systems and finance bus and rail services.
HEALTH INITIATIVE Annual appropriation for AIDS and workplace health programs.
AERONAUTICS AND AIRPORT
FUNDS
Beginning on October 1, 2016, 2% of sales tax revenue collected from aviation
fuel is dedicated for aviation purposes. 35% accrues to the State Aerona
|
|
|
|
Post by healey36 on Oct 21, 2023 9:09:30 GMT
A thorough accounting...thanks for that insight.
|
|
|
|
Post by Bill on Nov 13, 2023 3:33:11 GMT
Ouch
Here in New Hampshire we have no sales tax. Makes for a lot less coins in your pocket. Things cost $X.99 so you get back one penny. Not plus tax which gives you $.99 change or whatever.
Also, no excise tax and no state income tax
Smallest tax bite in the country.
Works for me.
😎
Bill
|
|
|
|
Post by highvoltage on Nov 13, 2023 22:19:36 GMT
Ouch Here in New Hampshire we have no sales tax. Makes for a lot less coins in your pocket. Things cost $X.99 so you get back one penny. Not plus tax which gives you $.99 change or whatever. Also, no excise tax and no state income tax Smallest tax bite in the country. Works for me. 😎 Bill Except for local property taxes, which are the third highest in the country.
|
|
|
|
Post by dlagrua on Nov 13, 2023 23:58:39 GMT
Question: Where does your sales tax really go?
Answer: At the shows, most of it stays in the sellers pocket!
|
|
|
|
Post by chipset35 on Nov 14, 2023 14:35:27 GMT
Pays off the Justice System so criminals get off free and only cops and law abiding citizens go to jail.
|
|
|
|
Post by Bill on Nov 15, 2023 4:08:00 GMT
Ouch Here in New Hampshire we have no sales tax. Makes for a lot less coins in your pocket. Things cost $X.99 so you get back one penny. Not plus tax which gives you $.99 change or whatever. Also, no excise tax and no state income tax Smallest tax bite in the country. Works for me. 😎 Bill Except for local property taxes, which are the third highest in the country. Yes the property tax is higher than most, but at the end of the year NH takes the smallest tax bite out of its citizens than any other state. I'll take the big picture any time. Bill
|
|
|
|
Post by highvoltage on Nov 17, 2023 15:44:20 GMT
Except for local property taxes, which are the third highest in the country. Yes the property tax is higher than most, but at the end of the year NH takes the smallest tax bite out of its citizens than any other state. I'll take the big picture any time. Bill Not quite the smallest. NH comes in third lowest, Delaware second lowest, and Alaska the lowest. When we moved from NH to Delaware we saved over $3,000/year in total taxes (Delaware also has no sales tax).
|
|
|
|
Post by Bill on Nov 17, 2023 18:27:04 GMT
Yes the property tax is higher than most, but at the end of the year NH takes the smallest tax bite out of its citizens than any other state. I'll take the big picture any time. Bill Not quite the smallest. NH comes in third lowest, Delaware second lowest, and Alaska the lowest. When we moved from NH to Delaware we saved over $3,000/year in total taxes (Delaware also has no sales tax). OK, if the numbers prove out, I'll take 3rd, but don't you have excise tax and state income tax? We don't.
|
|
|
|
Post by highvoltage on Nov 18, 2023 13:05:17 GMT
Not quite the smallest. NH comes in third lowest, Delaware second lowest, and Alaska the lowest. When we moved from NH to Delaware we saved over $3,000/year in total taxes (Delaware also has no sales tax). OK, if the numbers prove out, I'll take 3rd, but don't you have excise tax and state income tax? We don't. We have an excise tax on cigarettes, gasoline, and alcohol, but then most states do. We have a small income tax. But our income tax and property taxes combined are less than what we paid in NH for property taxes.
|
|
