The Spark

“The emancipation of the working class will only be achieved by the working class itself.” — Karl Marx

Michigan:
Tax the Bosses, Not Retirees

Feb 6, 2012

Starting in January, retirees born after 1952 have to pay state income tax on their pension checks. That’s a loss of 4.35% of their income!

When workers retired they had no reason to expect this. How were people supposed to plan for their futures, when they were promised for decades that their pensions would be tax exempt?

Michigan workers aren’t responsible for the state’s budget problems. Take the money from the corporations getting huge tax breaks.