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Steve McIntosh Report Blog Archive



A look at Kansas taxes

The Kansas Legislature has steered away from repealing a one percent sales tax increase, and discussed the possibility of lowering state individual and corporate income taxes. They may be on the right track, in my opinion.
I don’t recall seeing my Kansas income tax ever lowered in more than 40 years in the workplace. A little more take-home pay seems like a pretty good idea to me. Lowering corporate taxes and their employees’ state income taxes should present a good incentive to anyone doing business in Kansas to stay here … and anyone considering a move, to come here. That means more jobs, economic prosperity, and an expanding tax base.
I think more burden should be placed on the sales tax. I realize there is concern about the sales tax hitting the poor the hardest, but if food and drugs are exempted and income tax is lowered, I don’t see a big problem.
We also need to close the nonsensical, politically-motivated sales tax exemptions in Kansas.
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Our thought for today is from Arthur Godfrey:
 
“I’m proud to be paying taxes in the United States. The only thing is I could be just as proud for half the money.”


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Topics : Business_FinanceSocial Issues
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Locations : Kansas
People : Arthur Godfrey




 
03/25/2011 1:19AM
A look at Kansas taxes
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