Which of the following taxes was eliminated for individual households in the 1940s?

The elimination of the personal property tax for individual households in the 1940s is significant because it reflects a shift in tax policy aimed at alleviating the tax burden on residents. Prior to this change, personal property tax was levied on tangible items owned by individuals, such as furniture, jewelry, and vehicles. This could create a heavy financial burden for households, particularly during the post-World War II era when many families were focused on economic recovery and growth.

The decision to eliminate this tax allowed individuals to retain more of their income and assets, contributing to increased consumer spending and economic growth. By focusing tax structures primarily on real estate or other forms of taxation, such as sales and income taxes, the government aimed to streamline tax collections while fostering a more favorable economic environment for families. This change helped to lay the groundwork for modern tax structures in Michigan, encouraging individuals to invest in property and personal goods without the additional financial encumbrance of personal property tax.