(MPRN-Lansing) Michigan is the 16th most expensive state when it comes to how much in profits businesses put toward taxes. That’s according to an annual study released Monday.
This is a drop from last year’s ranking of 12th. Patrick Anderson is the CEO of Anderson Economic Group. They release the study every year. He said Michigan has dropped a few spots in the rankings. But he said it still has lower business taxes than the national average.
“It’s a little bit easier to do business, a little bit less expensive to hire a worker and invest in Michigan than in the average state,” he said.