Kansas Income Tax Changes Take Effect New Years Day
Associated Press - Tue 10:26 AM 01/01/2013
Sweeping changes in the Kansas tax code take effect Tuesday, when new rates for individual income taxpayers take effect.
The laws were approved by the Legislature in May and signed by GOP Gov. Sam Brownback. They are part of the administration's efforts to improve the state's business climate and increase the amount of money residents keep in their paychecks.
The top individual income tax rate drops to 4.9 percent from 6.45 percent. The owners of 191,000 businesses are exempt from income taxes. The changes are expected to cost the state about $4.5 billion over the next six years.
Brownback hasn't ruled out keeping the sales tax rate at 6.3 percent to help with budgeting. The rate was increased in 2010 and is scheduled to drop to 5.7 percent in July.
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troy
Tuesday 1 January 2013 14:10 Report this comment
Outstanding! Nobody, and I mean nobody knows a better way to spend the money I earn than I do. If you don't get up off your backside and earn a paycheck, don't expect to spend mine. If you're here illegally......leave, NOW! I'm tired of paying for your healthcare, supporting all your kids, and listening to you in line at Dillons.
cjsmessage
Tuesday 1 January 2013 22:27 Report this comment
I wholeheartedly agree w speaking in tongues...If they cant or WONT speak in our language I think they should tottally and most difinitely be sent somewhere else...BUT no one else wants them!!!YOU KNOW they do that weird stuff ONLY TO just AGGRAVATE those around them...and maybe SHOW OFF that they know something we dont!!!! I heard three in the store today & at first I thought it was kids playing a baby talk game to get my attention and then laugh ---- when they went past me UNTIL I looked up and saw their faces....OH God what can we do...