rate reductions Archives - Kansas Policy Institute

Kansas Income Taxes $232 Million Over May Estimates 0
- Tax & Spending
- June 2, 2022
In May 2022, the state of Kansas took in a total tax revenue of $910 million, which was 35.7% greater than the estimates for this month. These revenues include $305 million in sales taxes and $571 million in income taxes. The revenue collected for May of this year was 13.6% less than what it was
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Simple Tax Reform Goes a Long Way 0
- Tax & Spending
- March 24, 2022
Much of the grumbling that comes every tax season comes not only from paying the taxes but also from the complexity of how to file them. Services, and the costs, ranging from TurboTax to Certified Public Accountants (CPAs) represent an additional cost to people to properly file their taxes. A simple tax reform that lowers
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Kansas Needs Long-Term Rate Reductions, Not Election Year Rebates 0
- Tax & Spending
- December 30, 2021
Kansas Governor Laura Kelly has proposed a $250 tax rebate for every taxpayer in Kansas next year. The $455 million price tag on this policy is proposed to be paid for using an anticipated $2.9 billion tax surplus by June of 2022. While one-time election-year rebates are a form of tax relief, taxpayers are far
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rate reductions