Blog Catalog

Tuesday, January 1, 2013

Here's to you, Kansas, in 2013


"Today's the day - the Brownback tax plan is officially the law of the land. Here is the final - and most important - Brownback Tax Fact:

The Brownback tax plan doesn't just cut income taxes for the state's 191,000 business owners that are limited liability corporations, subchapter S corporations and sole proprietorships. It eliminates their income taxes completely. Today marks the beginning of an era in Kansas where the workers pay taxes but the bosses do not. Meanwhile, schools will go underfunded, sales tax will increase, property taxes will skyrocket, and the American Dream will diminish. Is this the Kansas that you want for your family?"

--Paul Davis,  Kansas House Democratic Leader, from his Facebook page today (https://www.facebook.com/PaulDavisKS?group_id=0).

It's good--very good--to be already-rich in Kansas today.

Keep this in mind:

"In the 1950s, corporate income tax yielded one-third of federal tax revenue. What changed? Who is working for whom? By 2007, corporations paid only about 7 percent of total federal revenue.

In 1979, Kansas state corporate income tax was about 11.9 percent of total revenue. By 1989, 7.9 percent and, by 2007, only 5.6 percent of total taxes were contributed by corporate income tax. Perhaps business needs to pay its fair share for education."  (Link to quote here: Corporate tax / LJWorld.com ).

A graphic of Governor Brownback's tax cuts for corporations and the wealthy:


So if you declare yourself a corporation in Kansas, you needn't help any with the schooling of your employees or the paving of the streets that get your products out to your markets or for the defense of your nation or the sewage infrastructure that makes our towns, cities, states and nation work, none of that or anything else.

Right.

I get that. 

Totally.

Right?

No comments: