Payroll jumps in Shawnee Mission but not for teachers
- Education
- August 22, 2018
States across the country are joining the “Flat Tax Revolution,” in which a tax system with graduated rates based on income is modified so that one, typically lower, tax rate is applied to everyone’s taxable income. A few weeks ago, we discussed some reasons why a flat tax is beneficial, and now, here are six
READ MOREOver the last year, a “Flat Tax Revolution” kicked off with four states across the country enacting legislation to go down to a single personal income tax rate; Kansas, along with many states, has a graduated system whereby different income levels are taxed at different rates. The Sunflower State would likely benefit from joining those
READ MORELast Friday, the Dow Jones Industrial Average plummeted by 1,000 points after Federal Reserve Chair Jerome Powell indicated that interest rates would remain high to fight inflation. Kansans don’t need to be told that inflation is rampant as prices this July were 8.6% higher than what they were last year. Much of the broader causes
READ MOREKansas Governor Laura Kelly this week announced a new initiative to eliminate the states’ sales tax on food. Kansas’ grocery sales tax is the second-highest in the country, so this change would be welcome. However, her plan to make up for the lost revenue with surplus dollars will eventually lead to higher taxes somewhere else
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