Saturday, December 02, 2017

Kansas Collects MILLIONS More In Taxes

Increased revenue soon to be wasted on the social safety net, education and DMV lines . . . Here's the legacy of Guv. Brownback economic theory going down in flames. Read more:

Kansas tax collections $8.3 million more than expected in November

State government in Kansas received $8.3 million more in revenue than analysts anticipated for November to reinforce double-digit percentage growth in collections tied to an income tax hike passed by the Legislature to balance the budget. The Kansas Department of Revenue said Friday the state treasury drew $458 million in November, which was nearly 2 percent above a projection recently revised upward.

5 Comments:

Anonymous said...

A miracle cure for shortfall is live within your fucking means dip shits.

Anonymous said...

Hmmm... cutting taxes did not increase revenues, but raising them did!
Does this mean that the Laffer Curve actually has two sides, and that it IS possible to cut taxes too deeply and hurt the Economy?
Maybe someone in D.C. should read this article, and damn soon, too!

Anonymous said...

Hmmm.......so we should just keep raising taxes, because it will result in corresponding increased revenues? Sounds like a well thought out plan.

Anonymous said...

How about a new revenue stream. See Colorado.

Anonymous said...

10:06 we had the largest tax increase in state history last year dip shit. Of course revenues are up. That and every single piece of property in the state was reevaluated and guess what? They went up! I know what a shock. My property taxes went up 12% this year and 9% the year before. No fucking way can I sell my house for what Kansas says it's worth.