In Case You Are Wondering Why There Are No Jobs In Michigan

According to The Tax Foundation, Michigan ranks number 48 in corporate tax rates. Only Delaware (49) and New Hampshire (50) have higher corporate tax rates. And as an added bonus, Michigan is number 45 for unemployment insurance tax rate as well.

click for larger version

Click here to see the entire report.

Keep in mind that the Federal Government of the United States has the highest corporate tax rate in the world. The United States has corporate tax rates higher than Sweden, Luxembourg, Switzerland, Austria and Germany. The State of Michigan (corporate tax wise) is one of the most expensive places ON EARTH to do business.

Making matters worse, mix in the toxic combination of Obama’s draconian EPA and Jennifer Granholm’s green energy push (while forgoing the construction of actual power plants) that will significantly drive up electricity prices in the future.

Who would want to keep their business, let alone start one in Michigan?

Comments
  • Christopher December 29, 2010 at 10:21 am

    Interesting chart Steve. Being in MI myself I was not wondering but find the states with double-digit rankings across the board do not surprise me either with the exception of one, Iowa.

    • steve December 29, 2010 at 11:15 am

      The funny thing is when I hear liberals in Michigan saying things like “we need to tax services” or “we need to raise gas taxes” it is frustrating because we are all ready taxed enough through lower wages and higher costs.

      Corporations don’t pay taxes, customers and consumers pay taxes.

  • geek49203 December 29, 2010 at 4:08 pm

    A pox on the GOP’s house too.

    When the GOP ran the entire legislature as well as the Governor’s mansion they failed to fix this stuff. They failed to align Michigan’s Workmans Comp laws with other states, fix the SBT, etc etc. In other words, it remains the same as when the unions / Dems ran the place when this was the “Red Mitten.”

    Only when Jen Granholm became Gov and they lost the House did the GOP start mentioning those things. That, of course, after they’d ballooned spending and gave us the Drivers Responsibility Tax at the end of the Engler years.

    • steve December 29, 2010 at 8:38 pm

      Sadly, the Michigan GOP was not exactly been a bastion of conservative ideals during the Engler years.

      Also, I’m not feeling confident that our ‘Tough Nerd’ is going to be a hard core conservative either.

  • Roug December 30, 2010 at 11:57 am

    These people have never considered the fact that private sector employees cannot have a job without a private sector employer.

    • steve December 30, 2010 at 12:05 pm

      No, they seem to miss that tiny fact.

  • Cynical Synapse January 1, 2011 at 2:25 pm

    Good post and great comments! I agree with each. And, I’m afraid Snyder is simply going to be Engler Redux. I hope he realizes the most important thing he has to do is get the freaking legislature to work together. Otherwise we just face more gridlock, failed policy, and ineptitude.

    • steve January 1, 2011 at 2:47 pm

      My biggest fear is that Snyder will be a Granholm Redux. Messing around in things that the government has no business involving themselves in.

      I want them to do the basics and let the free market work itself out.

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