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Michigan Wants to Cut $5B in Taxes. Here’s the Catch.

Michigan Wants to Cut $5B in Taxes. Here’s the Catch.

just added the borders

February 20, 2026

I share the 4-5 most important accounting that actually matter. I scroll so you don’t have to.

So grab your coffee, take a quick break, and lets catch up.

In this issue:

Michigan’s $5B property tax gamble
Why clients still don’t trust AI with their returns
The Olympics adding a new sport to chase eyeballs

- Ledger Lowdown Team

WTF of the Day🤯

Michigan’s $5B Property Tax Cut. Sounds Great. Here’s the Fine Print.

Matt Hall wants to cut almost $5 billion in property taxes. He’s targeting four things, the 6 mill State Education Tax, the personal property tax, the real estate transfer tax, and the “pop up” tax that hits when you sell your house. That’s roughly $2.9B + $1.6B + $400M gone. Pop up tax not even counted yet.

He says schools and local governments will be “made whole.” No details on how. When asked if that means higher sales tax, he basically said maybe.

If you own property, don’t celebrate yet. If they replace this with higher sales taxes or other fees, you’re just paying in a different lane. This is a proposal. Not law. Watch what fills the $5B hole. That’s what actually hits your wallet.

What’s poppin in accounting🍿

Your Clients Don’t Trust AI to Do Their Taxes. That’s Your Opportunity.

A new survey confirms what most CPAs already feel, taxpayers are hesitant to trust AI with their tax returns. Most still want a human in the loop, especially for anything complicated.

This is your competitive advantage right now. Every firm rushing to automate everything is creating an opening for firms that lead with human judgment.

The clients who matter most, the ones with complex situations, real money, real risk, don’t want a chatbot. They want you.

Next client who asks about AI and taxes, tell them: “I use AI to work faster, but every return I sign has my eyes on it and my name on it.” Simple, true, and exactly what they want to hear.

Weekly Trend Chart 📊

The Winter Olympics Will Host More Events Than Ever

The 2026 Winter Olympics start this week. 2,900 athletes. 90 countries. 116 medal events. More than ever. And it’s spread across 22,000 square kilometers because why keep it simple?

The real story: a brand new sport. Ski mountaineering. You hike up a mountain on skis. Then ski down. First new Winter Olympic sport in over 20 years.

This is the IOC chasing attention. Freestyle and snowboarding keep growing. The old guard doesn’t. Eyeballs are shifting. And money always follows eyeballs.

Meme of the Day😂

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