Anderson Economic Group Work

New Study: Small Business Paying Most in Business Taxes

Owens pointed out that, according to the Anderson study, small businesses have paid just over $800 million in taxes on business income through their personal income tax returns in 2013 while a House Fiscal Agency report suggests 2014 revenue from the Corporate Income Tax will only be between $183 or $328 Million because of offsets from Michigan Economic Growth Authority (MEGA) credits.

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