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#1 |
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Pro
Trade: Plastering, Drywall, Painting, Woodworking, Stucco
Join Date: Jun 2006
Location: South Eastern Michigan outside of Detroit.
Posts: 1,592
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I'm Trying To Find The Numbers
Hey guys and gals,
I am trying to find numbers that show how many contractors that have left Michigan, Here in this State we are getting saddled with a 4.3% Income tax and also a Service Tax of 6.35% we have to start charging or collecting December 1st. So if anyone knows where I might get numbers to show how many Businesses that have left Michigan would appericate it. I am still here in Michigan but I do believe the writing is on the wall. Time to pack it up and leave Michigan in the rear view mirror. I hate that I have to start over after 22 years in Business, It just pisses me off I have to leave the place I have called Home for 50 years. Thanks to Jenny Grandhole |
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#2 |
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The Duke
Trade: Cabinet Maker
Join Date: Mar 2006
Location: Portland, Maine
Posts: 10,101
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Re: I'm Trying To Find The Numbers
I'm sorry to hear that. WA state has a similar tax on labor and most HO's didn't realize. Their state tax was 8.2% I believe and on a 100k project, they get quite a surprise. Then there was the B&O tax...not to be confused with the BO tax, which was tiny, but at the end of the year, if you were grossing a mil, then you were getting pissed at the legislators.
Taxes suck.
__________________
If you correct your mind, the rest of your life will fall into place ~Lao Tzu Custom Cabinetry - Portland, Cape Elizabeth, Scarborough, Kennebunkport, Yarmouth, Falmouth, Cumberland, Ogunquit, Maine Salmon Falls Cabinetry |
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#3 |
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Pro
Trade: GC
Join Date: Jul 2006
Posts: 186
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Re: I'm Trying To Find The Numbers
Why do you have to leave? Your customers will still be there unless the whole state ups and moves. And it's not necessarily better anywhere else.
When you give them a quote, just remind your customers to not forget about the new additional 6.35% service tax (I assume this is a sales tax on services) that their state legislators and governor added. I'm sure that it might slow things down a bit at first but people will always need your services. And if you keep reminding them that it's not your fee but their governments fee then it just might get revoked. I'm not sure I understand the 4.3% income tax. You weren't paying income tax before? I'd be delighted with a 4.3% income tax. |
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#4 | |
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Pro
Trade: Project Manager/Licensed Remodeler
Join Date: Jul 2006
Location: St. Paul, MN
Posts: 756
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Re: I'm Trying To Find The NumbersQuote:
Overall it doesn't sound exorbitant to me. |
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#5 |
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Pro
Trade: Plastering, Drywall, Painting, Woodworking, Stucco
Join Date: Jun 2006
Location: South Eastern Michigan outside of Detroit.
Posts: 1,592
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Re: I'm Trying To Find The Numbers
Well The reason I need to move is there are no jobs coming in and no calls for estimates, I was talking with the owner of the BM paint store where I get my paint and he said it has to be the worst year they have ever seen. a lot of guys are in the same boat as myself. I am two house payments away from living back on the streets. It's so F&^$ED up here they remodel companies that have work are low balling all the tradesmen, I did a job for this guy had to spray out a basement ceiling with all the pipes and HVAC duct work well I gave him a price of $300.00 to do it, He pissed and moaned and then said well alright, So I go to do the job after waiting all to hear from him about the color, white or black were the choices, they wasted the whole day calls me at 3:30 in afternoon I tell him I'll be there first thing in the morning. I show up and the HO has her painters painting basement walls
the kitchen was 20 x 15.![]() As for Taxes we are on of the highest Taxed States in the country. Just on cigrettes I believe it's $1.65 Tax per pack. S*&t just to take a Taxi ride it's going to be a 6.35% Tax. I have no work lined up and winter is on it's way. Michigan is a F%^&ED up place to live right now. |
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