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 Michigan MI 1040 Individual Income Tax    State of Michigan 2017

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governor Snyder tonight is urging state lawmakers to take action to avoid a tax increase that could be triggered by the new federal tax law it effectively eliminated the personal exemption at the state level the Snyder administration has warned that state taxes will rise if nothing is done TV 6s David Jackson has more Michigan has a flat tax of four point two five percent of income the tax bill signed into law by President Trump among other things changes helped people calculate how much they are taxed what's happening is the Congress and the president Trump lowered everyone's taxes in America basically taxpayers can reduce the amount being taxed through exemptions and deductions most Americans will now file a under the broad standard deduction the IRS says the standard deduction is a dollar amount that reduces the amount of income on which you are taxed and varies ing to your filing status the new plan increases the standard deduction but in turn eliminates personal ex

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