Mansions for Sale in Michigan

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General
Michigan is a Midwestern state that was named after Lake Michigan, whose name is a French adaptation of the Ojibwe term mishigama, meaning "large water" or "large lake".

Michigan is the eighth most populous state and has the longest freshwater shoreline of any political subdivision in the world, being bounded by four of the five Great Lakes, plus Lake Saint Clair. In 2005, Michigan ranked third for the number of registered recreational boats, behind California and Florida. Michigan has 64,980 inland lakes. A person in the state is never more than six miles (10 km) from a natural water source, or more than 87.2 miles (137 km) from Great Lakes coastline.

Michigan is the only state to consist entirely of two peninsulas. The Lower Peninsula, to which the name Michigan was originally applied, is sometimes dubbed "the mitten," owing to its shape.

Economy
The Bureau of Economic Analysis estimated Michigan's 2004 gross state product at $372 billion. Per capita personal income in 2003 was $31,178 and ranked twentieth in the nation.

Its research and development, which includes automotive, comprises a higher percentage of the state's overall gross domestic product than for any other U.S. state. The state is an important source of engineering job opportunities. The domestic auto industry accounts directly and indirectly for one of every ten jobs in the U.S.

Some of the major industries/products/services include automobiles, cereal products, information technology, aerospace, military equipment, copper, iron, and furniture. Michigan is the third leading grower of Christmas trees with 60,520 acres (245 km2) of land dedicated to Christmas tree farming.

Taxes
Michigan's top tax bracket on personal income is 4.35%. Some cities impose additional income taxes. Michigan's state sales tax is six percent. Property taxes are assessed on the local, not state, level. In 2007, Michigan repealed its Single Business Tax (SBT) and replaced it with a Michigan Business Tax (MBT) in order to stimulate job growth by reducing taxes for seventy percent of the businesses in the state. According to the Bureau of Economic Analysis, recent growth in Michigan is 0.1%

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