this post was submitted on 13 Jun 2025
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United States | News & Politics

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A Michigan coalition is pushing to put a proposal on the November 2026 ballot to create a 5% tax on people making over $500,000 (michiganadvance.com)
submitted 1 week ago* (last edited 1 week ago) by daniel_callahan@jlai.lu to c/usa@midwest.social
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[–] zero_spelled_with_an_ecks@programming.dev 4 points 1 week ago

From 4.25% to 5%. That being said, the estimates are it'll bring it 1.7 billion, hopefully for schools.

[–] Mellow12@lemmy.world 1 points 1 week ago

Yeah. That’s awesome. People making nearly 8 times the average income should pay more taxes, but all this is going to do is persuade people making 500k/year to move out of state and then the state will lose 100% of that chunk of tax. They should just implement a flat tax and be done with it. Everyone pays the same percentage of their income. People making under X$/year pay zero. No other loopholes.