AXMiTax

 Talking points from video

$80 Billion - what MI spends per year

$2.7 billion - amount from property taxes

Property taxes = 3.4% of Michigan's annual budget.    (2.7 / 80 = 0.03375)  

SET - State Education Tax = 2.7 state wide or 6 millages

$20 billion - Michigan Public School Aid Fund

This $20 billion for our public schools comes from corporate business tax, use tax, income tax, sales tax, excise tax, the lottery, real estate transfer tax, alcohol, tobacco, marijuana taxes and property tax.

$2.7 billion - all the property taxes collected in MI go into the MI Pubic School Aid Fund

86.5% of the Public School budget comes from taxes OTHER than property tax.   Public Schools receive $17.3 billion from the other taxes listed above.  

13.5 % - property taxes make up less than 14% of the Public school budget.  (2.7 / 20 = 0.135)

$10 billion - sales tax collected in Michigan each year

15% - amount of sales tax revenue currently distributed to local governments

20% - amount of sales tax revenue distributed to local governments as required by AxMITax 

5% - amount of  increase in General Revenue Sharing required by AxMITax.  GRS is a constitutional mandate where local governments, based on population, receive part of the sales tax revenue.  This is in contrast to the statutory law regarding what local governments receive from income, alcohol, and other taxes. 

$13 billion - state income tax collected each year in MI

$0 - amount counties receive currently 

10% - amount counties will receive as required by AxMITax

AxMITax requires that municipalities and counties each receive 10% of tax revenue from income, alcohol, tobacco, and marihuana

Statutory - It is the Governor's decision whether or not MI counties receive $ from the state income tax. Right now, all the $ from state income tax goes into the general fund and that $ gets spent so counties do not receive any of it.  This is in contrast to the Constitutionally Mandated General Revenue Sharing where Counties currently receive their piece of 15% of all the sales tax collected.  

https://www.americanrevivalpress.org/post/maybe-if-we-take-away-their-money?fbclid=IwY2xjawHL1VxleHRuA2FlbQIxMQABHUe8Y7mKjaBw-AlWEQ9As2YQzDmUZudl8cJaSsjpr3PU9BTIKROQ9rXluA_aem_esofDm2vKRQOdfut3B6hxA