Interesting Change in Tax Law

It is interesting to note that the oil and gas companies pay taxes differently in Michigan since Snyder.   They no longer have to pay income tax of 4.35% on the income they earn.    They only need to pay a severance tax of .84%.

http://www.michigan.gov/documents/taxes/Tax_Change_Summaries_-_Individual_Income_Tax_359807_7.pdf

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