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The old joke of not wanting to watch sausage being made can be used as an analogy to what will likely happen with 2011 tax legislation. While you may choose to forgo the sausage, it will be nearly impossible to avoid the tax legislation. Even the door to giving up your citizenship and moving to a remote foreign location is closed as you now have to file an Estate Tax Return on the way out. For those of us who don’t wish to take such drastic action, here is what may be in store for your 2011 taxes.
Crystal Ball 
Ever hear the old joke about what’s going to happen in the future? While the joke generally varies, it usually ends with “consult the magic eight ball” or “throw a dart at the dartboard” or “if I knew that, I’d be a millionaire.”
Michigan’s economy will begin its turnaround in earnest in 2011.
For most consumers — especially in the Michigan markets — it has been a long road to recovery. Each step forward seemed to be greeted with a step back, sometimes two steps back. But as we begin the New Year, the fears and concerns around a “double-dip” recession have waned. We appear to be on firmer ground and the Midwest economy seems to be well positioned to benefit from the return of prosperity.
A slow-moving U.S. recovery looks likely to accelerate modestly in 2011, as financial wounds gradually heal and the Federal Reserve refuels monetary accommodation.
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