Sunday, October 26, 2014

Snake Snyder tax cut for businesses with pension tax ends up not helping businesses because they lose customers.

 Snake Snyder tax cut for businesses with pension tax ends up not helping businesses because they lose customers.


Ryan J. Gesund I figure my business saved $30,000 in taxes. Our sales volume since the pension tax has gone down 20% because people can't afford my services. I can't lower my prices either, I'm charging the same rates as I did in 1988. So all together I lost money for my business.


 From the Mark Schauer for Governor facebook page
https://www.facebook.com/groups/www.markschauer/351125915068202/?comment_id=351394305041363&notif_t=group_comment_reply125915068202
A had my dad ask me today, how much money has the snyder.administion taken in on the Retirement tax. Anyone know we should use that in a tv ad.
  • You and 8 others like this.
  • Doyle Mitchell VERY GOOD BETTER MAKE IT SOON
    20 hrs · Like · 2
  • Helen Hynes Too much
    19 hrs · Like · 1
  • Mark Sleep Estimated 355 million a year
    17 hrs · Like · 1
  • Helen Hynes That's obscene
    16 hrs · Like · 1
  • Gretchen Fechter Whitmer $300 every month from us!
    15 hrs · Like · 2
  • Joan Rosol It is not really that he taxed pensions as much as it is he gave the money to people who have plenty of it already. Take from the poor and give to the rich! What the heck.....
    14 hrs · Like · 3
  • Mark Lightfoot About $200,000,000 each year
  • Mark Lightfoot Michigan taxes: Businesses pay less, you pay ... - Detroit Free Press
    Oct 4, 2014 ... As Michigan's business taxes shrank, residents ended up pulling more weight. ...
    Rick Snyder's first term in office, that's the net effect of the signature tax reforms ...
    But a close analysis of tax incomes shows that the cost of funding state
    government has shifted to ... $200 million from the pension tax changes.

    http://www.freep.com/.../04/michigan-taxes-snyder/16683967/
    14 hrs · Like · 3
  • Lori Picarella $48,000.00 = $3,100 more in taxes per year.
  • Wanda Huddleston Ventimiglia Shoot we live on 2/3 LESS now that we are retired. And Snyder takes even more from our less.
    14 hrs · Like · 1
  • Ryan J. Gesund I figure my business saved $30,000 in taxes. Our sales volume since the pension tax has gone down 20% because people can't afford my services. I can't lower my prices either, I'm charging the same rates as I did in 1988. So all together I lost money for my business.
    13 hrs · Unlike · 3
  • Becky Faith Pearsall Sorry, we can't eat out, support our favorite charities , or anything else.
    13 hrs · Like · 1
  • Mark Sleep Ryan J. Gesund this is an interesting twist more people need to hear!
    13 hrs · Unlike · 5
  • Ryan J. Gesund Bill Clinton has been saying the same thing lately. More eloquently than I ever could, but he's making the same argument.
    13 hrs · Like · 3
  • Garry Lycos Im told lots of small businesses don't even pay state tax any more is this true
  • Mark Sleep Estimated 95,000
  • Ryan J. Gesund We don't pay the MBT anymore unless you're a C Corp. we still pay unemployment, and state income tax for all our employees.
  • Ryan J. Gesund Very few small businesses are C corps anymore. Most are S Corps or LLCs. S corps and LLCs don't pay taxes directly. Any profits are paid by the shareholders like me!
    This is another reason why corporations pay much less taxes than they used to. Because business taxes are paid by the shareholders.
  • Lori Picarella Ryan J. Gesund so if I am understanding you correctly, you are saying Snyder's tax cuts and pension tax has hurt your business?
    12 hrs · Edited · Like · 1
  • Ryan J. Gesund Yes, because our customers have no money. Our bottom line still looks good, but sales are way down. This also makes it a job killer, because even if my business is still profitable, my employees don't have anything to do.
    12 hrs · Like · 4
  • Lori Picarella Ryan J. Gesund, thank you for putting Snyder's bad policies into prospective. I hope Mark gets elected and turns MI around!!
    12 hrs · Like · 2
  • Bob Moriarty It just isn't fair. When I retired, even though I knew the danger that inflation would probably erode my monthly income, I still took that risk. I didn't count on some zealot coming into office and taxing retirees pensions. People who are on fixed inco...See More
    12 hrs · Like · 4
  • Patricia Linna I didn't count on paying $1200 in state taxes on my new pension, or losing the $1200 homestead exemption. Snyder's policies are costing me $2400 a year in money I counted on having to live on in retirement.
  • Cindy Tunesi Wiegand after being retired for 5 1/2 yearsssss...snyder took 260.00 a month from our pension pot...5 1/2 yearsssss