MI Businesses Pay More Than Enough in Taxes, Study Shows

October 25, 2019

While several anti-business groups across the state claim that Michigan businesses don't pay their fair share of taxes, we know that isn't true. In fact, according to a report issued this month by the Council on State Taxation (COST), Michigan businesses paid $16 billion in taxes, or 35% of all taxes paid in the state, which is about the average percentage of business taxes paid among states across the country. The drum beat that Michigan businesses need to pay more in taxes is getting louder and the Michigan Chamber will continue to fight back these accusations. 

In other news, the Tax Foundation has released its latest report on state tax competitiveness; Michigan ranked 12th. It was not long ago when Michigan ranked almost dead last in state tax competitiveness. The Michigan Chamber has been on the forefront of major tax reform and will continue its work to at improve Michigan's overall tax competitiveness.

If you are interested in serving on the Chamber's Tax Policy Advisory Committee, or if you would like more information on these reports, please contact Dan Papineau at dpapineau@michamber.com.