Kansas Flat Tax Salvation?!?

Unlikely . . .

But we found this round-up that attempts to present the issue fairly and wanted to share it. 

Take a look . . .

At stake is more than $300 million a year in tax relief to residents and the loss of that same amount to pay for state services.

Democrats and some economists argue setting the same income tax rate for nearly everybody lifts much of the burden off wealthier Kansans and threatens the state’s ability to pay for schools, prisons and other government services. They contend such a radical change to the state’s tax code poses a special risk when the possibility of a national recession looms so large.

All Kansans earning more than $6,000 annually would see their income taxed at 5.15%. That’s projected to carve out more than $330 million a year from state revenues.

Republicans and conservative advocacy groups contend the single rate makes the tax code fair for all Kansans.

Read more via www.TonysKansasCity.com link . . .

Governor to decide on flat tax in Kansas

Longstanding debates over state income taxes - whether the rich should pay steeper rates, or whether fairness comes with a flat rate - could sink a plan Kansas lawmakers sent to the governor. At stake is more than $300 million a year in tax relief to residents and the loss of that same amount to pay for state services.

You decide . . .