The objective of this analysis is to answer three questions:

The Variation of SBT Burdens Across Industries
Is there a substantial and consistent difference in the relative SBT burdens of various industries, across different time periods and economic situations?

The Taxation of the Financial Industry
In particular, how does the Financial Industry compare with other Michigan industries in their SBT burden?

The SBT and Business Expansion
What peculiar facets of the SBT discourage or encourage business expansion in Michigan, and what does this suggest for retaining, modifying, or replacing the VAT concept for Michigan business taxation?