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Michigan income tax rate falls slightly

by
Taxes
Taxes

LANSING (WKZO) -- Income tax rates have fallen ever so slightly for Michigan residents.

The rate fell from 4.35-percent to 4.25-percent Monday with the start of a new fiscal year for state government.  The personal exemption has also increased from 3,700-dollars to 3,950-dollars.

Legislative Democrats argued unsuccessfully when the cut was passed that it wouldn't amount to much more than a few more dimes in the paychecks of Michigan residents.

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