retirement tax Archives - Kansas Policy Institute

Viva la Flat Tax Revolution!0
- Tax & Spending
- November 23, 2022
In their November 2022 Revenue Estimate Report, the Consensus Estimating Group increased their estimate for FY 2023 state general fund receipts by 22.6% compared to April’s estimate, which equates to $9.7 billion total for the fiscal year. At the same time, the actual revenue intake for FY 2022 decreased by 10.6% compared to the estimates
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Kansas lost $295 million AGI in 2020 because of people leaving the state 0
- Tax & Spending
- October 13, 2022
In 2020, Kansas saw nearly $295 million in Adjusted Gross Income (AGI) leave the state. This latest AGI data is from the IRS and reflects changes in their measure of gross income minus deductions, which is the basis for calculating taxes. It’s a tool to track people and their income moving from one state to
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Saving Billions in Kansas Government Budgets 0
- Tax & Spending
- July 18, 2022
Mega-subsidies, property tax increases, and uncompetitive economics, oh my! From the local to the state level, legislators have the opportunity everywhere from government budgets to the next legislative session to make Kansas a more affordable and economically competitive state for families. Local Budgeting Cities, counties, school districts, and various other government budgets across Kansas are
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Think Long-Term Relief with FY 2022 Tax Revenue 0
- Tax & Spending
- July 6, 2022
In June of 2022, the state of Kansas’s total tax revenue was $856.8 million, which was 2.2% greater than the estimates for this month. This includes $303.6 million in sales taxes and $523.8 million in income taxes. The revenue collected for June of this year was 7.7% higher than what it was in June of
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Efficient Spending Is Key to Cutting Kansas’s Retirement Tax 0
- Tax & Spending
- June 24, 2022
The legislative session is out, and election-year attacks are in. This week, Kansas Attorney General Derek Schmidt, the presumptive GOP nominee for governor, announced his plan to eliminate the state income tax on retirement plans. Governor Laura Kelly made the cut out to be a gimmick that will “take us back to the Brownback era
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Time’s Not Yet Up for More Kansan Tax Relief 0
- Tax & Spending
- May 11, 2022
During the last weeks of the Kansas legislature, many policies were moved from their original bills to other pieces of legislation – an annual occurrence. Kansans can expect to see some tax relief, but legislators should consider more ambitious reforms to stay competitive with other states. Highlighted provisions of the passed HB 2239 and HB
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