Income Tax Archives - Kansas Policy Institute

Record State Budgets From Off-Target Economic Predictions 0
- Tax & Spending
- June 13, 2019
When it comes to making predictions, they say that the only good thing about economic forecasters is that they make the TV weathermen look good. Kansas’s economic and tax revenue forecasters, known as the Consensus Revenue Estimating Group or CRE are no different, and they have a history of missing their estimates. As a result,
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Kansas Has Nation’s Highest Rural Property Tax: 2019 Green Book 0
- Tax & Spending
- May 10, 2019
Some of Kansas’s low economic performance may be tied to the fact that property taxes are growing too fast. In fact, 65 KS counties saw triple-digit property tax growth despite their populations shrinking. The Lincoln Land Institute found that Iola, KS has the highest rural property tax rate in the nation. By contrast, there is
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After Record Tax Increases, Kansans’ Happiness Suffers 0
- Tax & Spending
- May 2, 2019
The latest snapshot of the Kansas economy isn’t a good one for Kansans. Its private sector is ranked as the 31st fastest growth in the nation for 2018. For the last quarter in 2018, Kansas’s private sector was the 42nd fastest. As a result, economic opportunities elsewhere continue to flourish at the expense of Kansas
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Coincidence or Preparation? Kansans Cut Shopping Equal to Vetoed Tax Windfall 0
- Tax & Spending
- April 15, 2019
Governor Kelly vetoed the tax windfall bill, raising Kansans’ income taxes to the tune of $50 million. Near the same time, the latest state tax report shows Kansans decreasing shopping by $40 million. Is this just a coincidence, or are Kansans preparing to pay for higher taxes again? It’s possible Kansas’s fiscal troubles and sluggish growth
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A $2 Billion Tax Increase Inbound: How Would It Impact You?0
- Tax & Spending
- March 19, 2019
Have you heard of the incoming tax increase? To maintain a statutorily required 7.5% ending balance, policymakers must find a way to close a $2 billion gap and slow the rate of state spending. The overspending includes an initial $1.3 billion shortfall , a $115 million KPERS payment, and the $270 million in new demands
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Are Kansans Preparing For More Tax Increases?0
- Tax & Spending
- February 8, 2019
Kansans have experienced four tax increases in the past four years. Governor Kelly intends to apply a fifth tax increase by denying Kansans the full benefits of federal tax reform. Now the January government tax report shows holiday sales fell by $85 million. Kansans have held back spending for seven straight months. The trend suggests
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