Capital Gains Rates
The Combined Rate accounts for Federal, State, and Local tax rate on capital gains income, the 3.8 percent Surtax on capital gains and the marginal effect of Pease Limitations (which results in a tax rate increase of 1.18 percent).
Michigan has a flat income tax rate of 4.25% of federal taxable income. Additionally, 22 cities in Michigan may levy an income tax, with non-residents paying half the rate of residents.
Investor's Guidebook to Fractional 1031 Replacement Properties