Kansas now has the most regressive tax law in the country
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  Kansas now has the most regressive tax law in the country
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Author Topic: Kansas now has the most regressive tax law in the country  (Read 4316 times)
they don't love you like i love you
BRTD
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« Reply #25 on: May 30, 2012, 12:43:43 AM »

This is a great example of why the Tea Party people are really just stupid and self-defeating. I doubt most people who love to hold rallies wearing three cornered hats and holding up signs with hilariously bad spelling about how Obama is a Muslim/Communist/Fascist/Whatever are doctors or work at some top notch accounting firm or anything like that.
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Associate Justice PiT
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« Reply #26 on: May 30, 2012, 01:07:53 AM »

Maybe it was the most regressive passed, but it's not the most regressive on the books (no income tax) which is what they were aiming for:

Doesn't regressive mean that it taxes the poor more than the rich? Zero taxation would affect everyone equally.

     But no income tax != no tax. You still have other forms of taxation, such as sales taxes, that are highly regressive.
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H.E. VOLODYMYR ZELENKSYY
Alfred F. Jones
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« Reply #27 on: May 30, 2012, 07:46:49 AM »

Maybe it was the most regressive passed, but it's not the most regressive on the books (no income tax) which is what they were aiming for:

Doesn't regressive mean that it taxes the poor more than the rich? Zero taxation would affect everyone equally.

     But no income tax != no tax. You still have other forms of taxation, such as sales taxes, that are highly regressive.
And this is even more regressive.
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King
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« Reply #28 on: May 30, 2012, 10:50:06 AM »

This will actually be beneficial to the rest of the union as the rich of Kansas and the rich who tax-haven in Kansas will have no state income tax to deduct from their federal tax. That will mean more money for the feds.
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Torie
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« Reply #29 on: May 30, 2012, 11:22:54 AM »

This will actually be beneficial to the rest of the union as the rich of Kansas and the rich who tax-haven in Kansas will have no state income tax to deduct from their federal tax. That will mean more money for the feds.

Yes. The state and local income tax deduction on your 1040 Federal Tax return should of course be eliminated. Just why should low tax states subsidize high tax states, particularly inasmuch as high tax states tend to be richer states?  That is the first deduction that would go in Torie's world.
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