Saturday, October 2, 2010

City of Detroit Income Taxes are backwards?!?!

Why in earth does the city of Detroit Tax residents 2.5% and non-residents 1.25% ?

http://www.detroitmi.gov/Departments/Finance/IncomeTax/CityofDetroitIncomeTaxRates/tabid/1655/Default.aspx


I feel that for the square miles the city has (approx. 140= larger than boston, LA, and Manhatten combined!) and the amount of available housing, it would be able to increase the number of residents by reducing the residents rate by 1% and increasing the non-residents by 1.5%.

New rates
  • Residents= 1.5%
  • Non-residents= 2.75%
This would prove to be enough incentive in my eyes to bring in more residents! (and to improve the economic conditions of those that currently live in the city!)

Benefits:
  1. less congestion on freeways
  2. less pollution from so many commuters
  3. more city residents to build property tax revenue from (like other large cities)
  4. increased entrepreneurship in the existing urban villages ( more jobs!)
  5. higher demand for popular retailers
  6. improved conditions for produce markets
  7. There are more i'm sure, you can go ahead and post them if you'd like

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