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Hi TRUTHisETERNALliesCANNOTsurvive, I'm the state Internal Communication Director for the Michigan FairTax Assn which works "hand in glove" with the goal of End The Fed because by REPLACING the Michigan income tax, MI families and businesses will have more disposable monthly income to donate to ETF, more time to help enact the national FairTax to end compelled, confiscatory tax the Fed relies on for interest payments.
How will passage of a MI FairTax do this? It will REPLACE the income tax and current sales tax, with a consumption tax (sales tax at point of retail sale). This means that no more state tax will be withheld from Michigan wage-earners' paychecks. What's more, every Michigan resident-family will receive a monthly "prebate" check, in amount based on family size. This will ensure that NO Michigan family will EVEN BEGIN paying the MI FairTax on goods / services unless, or until, they exceed poverty-level spending.
Under the FairTax plan, points of collection are reduced to retailers many of whom are already collecting sales tax. Because service providers must account for income tax withholding and compliance costs, their prices carry a hidden tax which will become visible under the MI FairTax. (The MI FairTax EXCLUDES business-to-business purchases as this would, again, hide the cost of taxation in prices.)
Because of the prebate to ALL Michigan-resident households, the MI FairTax rate would effectively be 0% on all monthly family spending to the poverty level; thereafter it's 9.75%. The average effective rate will be around 5.5% (see p.2 of pdf brochure).
Please, join our email list to learn how you can help advance the Michigan FairTax!