Did you know that some states impose "business taxes?" For example, Connecticut has a $250 state business tax (some state lawmakers have suggested repeal of this tax).
Now Michigan has imposed a new business tax (MBT) that is increasing tax rates for some small businesses over 300 percent. Business advocacy groups, like the National Federation for Independent Business ( {NFIB), and the Michigan Business and Professional Organization (MBPO) are working to repeal this new business tax.
If your state has a general business tax like these, I'm sure you will hear about it. But you might want to check with your state Secretary of State, and keep up with state business advocacy groups too.
Now Michigan has imposed a new business tax (MBT) that is increasing tax rates for some small businesses over 300 percent. Business advocacy groups, like the National Federation for Independent Business ( {NFIB), and the Michigan Business and Professional Organization (MBPO) are working to repeal this new business tax.
If your state has a general business tax like these, I'm sure you will hear about it. But you might want to check with your state Secretary of State, and keep up with state business advocacy groups too.
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