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Sun May 27, 2012, 09:03 PM

Kansas tax act most regressive in nation

Kansas is on a rocky future for many people living in KS ...

See >>> http://www2.ljworld.com/news/2012/may/27/kansas-tax-act-most-regressive-nation/

Martin B. Dickinson is a nationally recognized expert in tax law and the Schroeder Distinguished Professor of Law at Kansas University.


Gov. Sam Brownback’s signing of the new Kansas Tax Act on Tuesday was a historic event. The act will shape the lives of Kansans for many years to come.

The nonpartisan Legislative Research Department has estimated that the act will reduce Kansas government revenues by $4.5 billion over the next six years. Inevitably, there will be major reductions in the government services Kansans have come to expect — especially education.

Equally important, the act dramatically changes the Kansas tax system, shifting the income tax burden from the wealthy and prosperous to working people. The act provides that all income of business owners is tax-free (except in the unusual case where a regular corporation is used). Although the act was promoted as a boost to small business, there is no limit on the size of business that can be exempt from tax.

Income of professionals — such as doctors, lawyers, architects, and accountants — practicing in partnerships will be tax-free. In a law firm, for example, the partners will pay no tax, while the clerical staff will continue on the tax rolls.

Income received from partnerships and trusts will be tax-free. Wealthy Kansans who own real estate, stocks, bonds and other investments will simply transfer those assets to a partnership or trust, thereby freeing all their investment income from tax.


See >>> http://www2.ljworld.com/news/2012/may/27/kansas-tax-act-most-regressive-nation/

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Response to RKP5637 (Original post)

Sun May 27, 2012, 09:50 PM

1. Now we know what's the matter with Kansas ...

and soon, maybe all but the die-hard Kansans will be somewhere else ...

Who's going to do the work for all the wealthy ones?

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Response to zbdent (Reply #1)

Sun May 27, 2012, 10:00 PM

4. We're getting out of here, others we know are thinking similar, avoid the rush. Who

wants to live in a theocratic dystopia in a race to the bottom.

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Response to RKP5637 (Original post)

Sun May 27, 2012, 09:52 PM

2. oh, I see... paying less taxes will now be motivation to succeed

idiots

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Response to fascisthunter (Reply #2)

Sun May 27, 2012, 09:57 PM

3. Yep, especially as they cut education to shreds. Somehow, they think

being the 3rd world leader in the race to the bottom will make Kansas a winner. Maybe at the bottom of the heap. Here's a picture of the future of Kansas from another posting. http://www.democraticunderground.com/1002734434


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Response to RKP5637 (Reply #3)

Sun May 27, 2012, 10:02 PM

5. My Mistake... they aren't idiots, they are sociopath

fuck heads!

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Response to fascisthunter (Reply #5)

Sun May 27, 2012, 10:06 PM

6. Definitely! In fact, anymore, republican is a code word for "sociopath fuck heads!" n/t

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Response to RKP5637 (Reply #6)

Sun May 27, 2012, 10:16 PM

7. they certainly live up to my extremist rhetoric

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Response to RKP5637 (Original post)

Sun May 27, 2012, 11:06 PM

8. I'm so glad I moved away four years ago.

Now if I can only persuade my son to relocate.

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Response to SheilaT (Reply #8)

Mon May 28, 2012, 09:48 AM

13. Kansas is at the epicenter for the potential financial failure of the US with

decisions like KS just made if other states follow. Good decision getting out of KS. Many have made similar decisions to leave KS.


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Response to RKP5637 (Original post)

Sun May 27, 2012, 11:33 PM

9. And so, the experiment begins

Let's all watch Kansas to see if a new paradise of full employment and prosperity begins.

In the mean time if you're poor or middle class, you're stuck paying all the taxes for the state.

Good luck attracting labor and skilled workers. You know, the people who actually make things work?

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Response to RKP5637 (Original post)

Mon May 28, 2012, 12:58 AM

10. way to f*** yrself, ks. wow.

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Response to RKP5637 (Original post)

Mon May 28, 2012, 09:18 AM

11. And when they go broke...

...they'll blame Obama.

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Response to YellowRubberDuckie (Reply #11)

Mon May 28, 2012, 09:45 AM

12. Good point, that's exactly what will happen. For their "Idiocracy" KS will blame Obama.

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Response to RKP5637 (Original post)

Mon May 28, 2012, 11:34 PM

14. This is crazy

Wow, this is sad state of affairs.

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