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Does anyone know if the proposed tax increase in Michigan includes raising the capital gains tax also?


Does anyone know if the proposed tax increase in Michigan includes raising the capital gains tax also?

The proposed tax increase from 3.9% could go to 4.4% up to 4.6%.

Tax increase on alcohol and tobacco products will increase.

Supposedly the formulae for school districts, home property taxes is to change.

Raising the capital gain tax remains to be seen.

At this time it is almost imposible to find anything out, especially if the State of Michigan closes for a few days.

http://www.bankrate.com/brm/itax/edit/st...

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