Revenue

• Local governments with revenue of $2.5 million and lower: 50% of their healthcare savings goes to infrastructure and community projects like community centers. 

• Local governments with revenue of $2.5 million to $5 million: 50% of healthcare savings is paid to the state for funding of healthcare.

• Local governments with revenue of $5 million to $10 million: 60% of healthcare savings is paid to the state for funding of healthcare. 

• Local governments with revenue of $10 million and above: 70% of healthcare savings is paid to the state for funding of healthcare. 

• Percentages of the remaining healthcare spending will be used for community projects and infrastructure.

       

                                                                             Taxes

• Changes to our current tax brackets and amending the current income tax rates as follows: 

  • $1 - $25,000 = 4%  

  • $25,001 - $65,000 = 6%  

  • $65,001 - $100,000 = 8%

  • $100,001 - $175,000 = 10%

  • $175,001 and above = 12%

• Business taxes would be increased to 8% 

  • Tax incentives would be based only on new businesses and those that employ a certain percentage of veterans or rehabilitated felons.

• All current tax breaks and tax deductions will be removed. 

  • Taxes will be based on the individual, not the household.

  • This will end the need to file income taxes, with the exception of businesses and individuals who receive 1099s.

                                                                   

   Property Taxes

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• Changing the State Millage to the following:

  • Public schools = 6.0

  • Healthcare = 10.0

  • General Fund = 5.0

• Totaling 21.0 for the state

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