Wednesday, May 13, 2020

TKC MUST READ!!! HERE'S HOW TO BEAT KANSAS CITY E-TAX AMID CORONAVIRUS!!!



Kansas City tax fighters and our suburban friends have long despised the earnings tax; especially when it hits interloper middle-class dweebs commuting from the sticks.

To wit and a tragic fact of life for the 12th & Oak budget . . .

CORONAVIRUS LOCKDOWN DEVASTATES THE GREATEST SOURCE OF TAX REVENUE FOR KANSAS CITY!!!

Here's the deal via local number crunchers . . .

More People Working from Home Means Less Earnings Tax Revenue

Accordingly, here's a peek at the loophole that many locals might be too distracted to realize . . .

"With many people working from home and not entering each city for several weeks (or possibly months) due to COVID-19, those revenues may be reduced significantly.

"Certainly, the vast numbers of people simply out of work will hit cities’ earning tax bottom line. But even those who are still working—and doing from homes outside Kansas City and St. Louis—may present a secondary hit to revenue."

Read the post in its entirety for a glimpse at the specifics of this E-Tax turnabout.

Update: This fun little tidbit is a big part of the reason that KCMO might have to slash its budget by almost $300 million and furlough or eliminate hundreds of employees in a “worst case scenario” recession brought on by the coronavirus.

And so, THE CRASH IN REVENUE MEANS THAT SERIOUS BUDGET PROBLEMS NOW CONFRONT KCMO and neither Mayor Lucas nor the City Council have made any real effort to cut back spending.

Developing . . .

35 comments:

Anonymous said...

Very good deduction TKC!

Anonymous said...

Missed opportunity, in the foreseeable future more and more people are going to telecommute and that means less revenue over time. Over the long term. This is good news for taxpayers, bad news if you've got a streetcar, convention hotel and new airport to pay for.

Darren said...

What ever happened to the plan to phase out the earnings tax? They've at least talked about it in STL. We get the same promise every election from KC but absolutely no work to get it done.

Anonymous said...

Why phase out the e-tax? It wins renewal by 50 points nearly every election and it's not a regressive tax. You only pay more if you earn more.

Stop being a commie and pushing regressive sales taxes.

Real KC said...

E-tax is wack like crack.

Anonymous said...

KCMO will try to get theirs when it comes to the e-tax. Even if you telework, the 1% is deducted and you have to file with the city at the end of the year for a refund. KCMO makes it so difficult to file that many just give up.

Anonymous said...

It's going to get complicated. If the person working from home outside the limits of KCMO is connected to her job through her employer's server within the city, then the city will argue that the actual work is being done within KCMO, and not outside it. Still, it's worth a shot. Make KCMO earn it.

Anonymous said...

Kansas City Councils Worst-Case Budget Scenario is being highly optimistic.

Anonymous said...

Don't Let The MSM & Government Fearmongers Drive You Nuts

Diddling Don said...

I blame Obama.

Anonymous said...

Don't let the conspiracy weirdos and "Died from Coronavirus but PWNZED A LIB" crazies drive you nuts.

Anonymous said...

Sleepy Joe Biden has a problem.

It did not take long for the liberalati to try and distract from what just dropped and to turn their cognitive dissonance up to '11'.

Anonymous said...

You know they are two different groups, right?

Anonymous said...

What was "normal" for the past two decades was to turn a blind eye to the moral and financial bankruptcy of the American culture, the rot at the heart of its social, political and economic orders. The pandemic has shredded the putrid facade and revealed the rot, much to the dismay of the multitude of minions tasked with sanitizing the rot behind narratives promoting the normalization of predation, fraud and exploitation.

Anonymous said...

Don't be fooled, sheeple! Murder Hornets are Chinese robot drones! They don't sting you, they inject you with a vaccine and ID chip! They're controlled by 5G!! They were created by Bill Gates!!! If this sounds fake, Google it for yourself!!!! Read the transcripts!!!!!

Anonymous said...

Vote No on the regressive fire safety sales tax increase.

Anonymous said...

Coronavirus could take FIVE YEARS to bring under control warns WHO's chief scientist Soumya Swaminathan.

And Dr Mike Ryan, who heads up the organisation's health emergencies programme, said no one could predict when the disease would disappear.

He also issued a warning about easing lockdown measures without appropriate surveillance measures in place

Anonymous said...

^^^ Music to the Davos crowds ears 4:34

Anonymous said...

Rex Sinquefield Has tried to help ween KC of this dunbass tx.
KC has been dependent on this Since the KC Star advocate for it decades ago.
Now it will come and bite them in the ass.

Perhaps the KC Mayor should reach out to Rex and see how to get rid of it.
That way they can actually budget better and not scare potential workers and companies off.

Also- please write Trump and tell him KC is Democratically controlled and voters here hate him and tell Trump KC doesn’t want stimulus dollars. In fact- tell Trump That many Democrats including Lucas will most likely not cash their stimulus checks and will return it.

Please help KC Rex! KC sure hasn’t a clue.

They are the Nationally disgraced 10-10-10 City!

Anonymous said...

Jackson County and KCMO President Frank White should step in.

Anonymous said...

Can we get Gail Beatty in to calculate earnings taxes.

Anonymous said...

4:34 apparently these doom and gloom dumbasses at The Who don’t know there’s a vaccine coming within a year, what do they have to gain by saying it could last five years. Stupidity or a payday? both of them is my guess.

Anonymous said...

Why don’t people pay a visit to the local emergency rooms and see by themselves that they are practically empty?

Anonymous said...

The stay-at-home orders were not issued to directly impact mortality levels, they were issued to avoid overloading the capacity of health care facilities. Remember "flatten the curve"? The reasoning explained to the public is that the orders would not drastically impact mortality levels, but would rather spread them out over a longer period of time. Inherent to this reasoning is the acknowledgement that much of the public must contract the virus to achieve herd immunity and that it best for this to occur slowly for the express purpose of maintaining capacity in health care facilities. With the exception of a few hot spots, the hospitals in most of the country are near empty. The orders were a success, the curve has been flattened, so why are the orders still in effect?

Anonymous said...

Famed Drug Pusher Bill Gates will come up with something.

Anonymous said...

so why are the orders still in effect?


Snuff out small businesses and the middle and working classes.

Anonymous said...

Just took a relative to St Luke’s ER and no wait and ER completely empty. Ambulance was trying to talk us out of going saying we are in the middle of a pandemic. We had to transport by car.

Anonymous said...

Dude take your medicine!

Anonymous said...

Ah another bleating sheeple @ 7:01. You'll see I was right. Just wait.

Anonymous said...

How about we do a flat 1% earnings tax at the state and federal level, instead of the convoluted and punitive tax codes we have now?

Anonymous said...

Once you get it you will die over and over again in a living hell. There, that should help sell newspapers.

Anonymous said...

Joe Biden here, I can't find my sister-wife.

Please someone call her. I shit my Depends again and need it changed; it smells real bad.

My mom always said life is like a box of cbocolates. Well my Depends is like a box of chocolates right now.

Please vote for me, I need a job and the money.

Sleepy Joe Biden

Anonymous said...

The flattening of the curve also provided time for the development of treatments for the virus. Additionally, time to better understand how the virus evolves with the individual over time. The complications with the very young are coming to light weeks after the "recovery" from the virus. The pursuit of ventilators ended when the doctors learned 80% of the people put on the ventilators died. The more humane solution is to simply let the individual that are going to die, die without the agony of weeks on a ventilator.

Anonymous said...

Quinton Lucas continues to refer to the pandemic as an economic "blip". 20% unemployment isn't a blip. Zero revenue from tourism isn't a blip. Zero revenue and zero ridership on buses isn't a blip.

Anonymous said...

Wuhan Chinese Virus.

Thanks Communist China for ruining so many lives.