Michigan Debt Per Taxpayer: $19,300

Michigan Debt Per Taxpayer: $19,300 [Michigan Capitol Confidential]:

TIA lists the following facts about Michigan:

• Michigan has the 9th worst per taxpayer burden.
• Michigan has $23 billion to pay the state's bills totaling $81 billion.
• To fill its $58 billion financial hole today, each taxpayer would have to send $19,300 to the state.
• The Michigan financial statements clearly report $4 billion of retirement liabilities, but in reality the state has nearly $55 billion of unfunded retirement promises.
• The Michigan Taxpayer Burden is 49 percent of an average citizen's personal income of $39,215.
• Outbound moves from Michigan were 54 percent, the 16th highest of all the states, which usually means more people are moving out of the state.