Income Tax Archives - Page 2 of 6 - Kansas Policy Institute

After Record Spending Vow, State Estimators Wager Robust Income Tax Growth 0
- Tax & Spending
- November 9, 2018
The Consensus Revenue Estimating Group made their November predictions of the income and spending activity of Kansas families and businesses. They believed Kansas families will see incomes grow by a ludicrously high 6.5 percent rate or $216 million on top of what they already guessed for fiscal year 2019. Whether Kansans can support this growth
READ MORE
October 2018 Report Shows Trend of Sales Tax Struggling 0
- Tax & Spending
- November 1, 2018
October 2018 taxes exceeded expectations for the fiscal year, tracking around 5 percentage points higher. Income tax is up and is the largest contributor to total tax collections being over estimates and last year. Sales tax is struggling again in October; the largest drag to total tax collection growth. You can see the tables below
READ MORE
Kansas Ranked 15th in Economic Freedom 0
- Tax & Spending
- October 30, 2018
Out of all 50 states, Kansas ranked 15th in economic freedom in 2016. The Economic Freedom of North America 2018, published by the Fraser Institute, measures individual states supportive of economic freedom. Kansas tied for 19th in all of North America. The most economically free state is Florida, while the least economically free state is
READ MORE

Gambling with Taxpayers’ Paychecks, Consensus Revenue Estimating Needs Reform 0
- Tax & Spending
- October 25, 2018
Many are unaware that Kansas state government participates in its own lottery. However, the difference between this type of government gamble and buying a MegaMillions ticket is that if the state makes the wrong bet, the taxpayer could end up living paycheck to paycheck. Referred to is the Consensus Revenue Estimating group or CRE, a
READ MORE
Reverse long-term economic stagnation 0
- Tax & Spending
- October 8, 2018
The next legislature and governor must resolve a $3.7 billion budget shortfall over the next four years and it must be done without making long-term economic stagnation even worse. And that’s just one of several major challenges facing whoever is elected in November. Kansas Policy Institute does not support or oppose candidates for public office,
READ MORE
Politicians are ignoring a $3.7 billion revenue shortfall 0
- Tax & Spending
- September 17, 2018
“The first lesson of economics is scarcity: There is never enough of anything to satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics.” — Thomas Sowell Media and politicians were notified more than a month ago that the massive school funding increase has created a $3.7
READ MORE