Say Yes To Michigan! / All About Michigan / General Interests Forums

Tax Rebates

mamalisa2006 — Sun, 27 Jan 2008 13:59:46 GMT

$300 to any adult who earned an income, but did not earn enough to
file taxes.

$600 to any adult who earned an income, and had to file taxes.

$1200 to any married couple who filed jointly with either 1 or 2
incomes.

$300 to any child you cliamed on your 2007 taxes as a dependant.

If you are a single filer, and earned over $75,000, you lose 10% of
the rebate per $1000 over the $75k.

If you are a married couple filing jointly, and earned over $150k,
you lose 10% of the rebate per $1000 over the $150k.

People who receive SSI will receive the $300-$600 per adult,
depending on income aside from SSI.

Anyone who owes back child support will not receive the check- it
will go to the person the money is owed to.

Anyone who owes back taxes will not receive the check- it will go
towards the balance remaining on back taxes.

Anyone who has a tax lein will not receive the check- it will go
towards paying the lein off.

None of this has actually been 100% signed through, though- keep
that in mind, it could still get dropped. No one thinks it will
happen with the backing of both parties, but it IS a possiblity.

It's also possible that the rules of the rebate could change- who
gets it, the amount it'll be, etc.

Property Tax & Slump in Home Prices

Patrick — Sat, 19 Jan 2008 17:11:36 GMT

I have watch my property tax go up and up over the last few years in Canton. The tax was around .99 cents per sq foot when I purchased my home in 2000 and today is is around $1.40 per sq foot. Today the home prices are about the same as they were four years ago.

I am looking at getting my property re-assess to see if this will reduce the tax. There have been so many businesses in Michigan, including automotive, that have moved out of state you would think Michigan would start doing something with the high property taxes here. I visited a friend in Tennessee a few years ago and there were homes over 3000 sq feet price 30% less than homes in Michigan and property tax of around .50 cents a sq foot.

There is so much in the news about the economy slowing and what can be done to boost the economy. What if locally or state by state at least a reduction in property tax. This may not help folks that rent but I am sure this would still give a boost the economy, and maybe help out some small business owners.

Downtown Detroit - Will It Come Back?

Patrick — Sat, 19 Jan 2008 17:17:22 GMT

I wanted to check out some of the changes in Downtown Detroit such as the new Casino - Hotels.

My wife and I went to MGM to take a look at the hotel and to eat breakfast at Wolfgang Puck. The Hotel is really awesome. MGM did not cut any corners. The public restrooms have marble floors, stainless doors, and really high end fixtures. I was really surprised to see how nice it was.

Eating breakfast at Wolfgang Puck was a typical hotel restaurant breakfast, nothing special except for the price. I am sure dinner there would be much better. We walked around the casino area and it was small compared to Vegas but very well done. I was surprised that such a small first floor the hotel had two Star Bucks. Since I hate Star Buck's coffee it did not matter much to me.

Overall it was really nice to see something going on for Detroit. Hopefully it will be more than a mini-Vegas but at least some improvements are taking place. Another hotel, the MotorCity Hotel-Casino opened. I drove by it and it is a really sharp building. I would like to go there to check it out one weekend.