Anderson Economic Group Work

Donald Trump tax cut spurs renewed debate over cutting Michigan personal income tax

[Detroit Free Press, Paul Egan, January 2, 2018]

Patrick Anderson, CEO of Anderson Economic Group said the federal personal exemption has been reduced to zero for the purposes of calculating personal federal income taxes, but it has not been eliminated and is explicitly preserved for other purposes.

Anderson, whose firm has played a significant role in past Michigan tax legislation, said in a Friday letter to Treasurer Nick Khouri that no legislative action is needed and “Michigan's income tax payers will not lose their state income tax exemptions … and will not be subjected to a large income tax hike.”

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