Comments 1 - 32 of 32 Search these comments
You're telling me Kansas is a real place? I thought movie writers and comedians made it up.
Good article thanks. Unfortunately nobody who favors tax cuts to wealthy has the attention to span to read it.
Like, the tax cut has been in effect for ONE YEAR and they expect rampant evidence that is effective or repeal it?
Sounds like some tax hungry bureaucrats demand instant success to quell their rage.
The comparisons are to other states who have made other policy decisions on the same time scale. But Kansas is going to come roaring up from the back of the pack in, what, 5 years from now? I don't think the politicians have the luxury of time...you can bet they expect results yesterday.
The first sentence of the article "proves" that Dan's conclusion is overly broad and unscientific:
"Tax cuts enacted in Kansas in 2012 ,were among the largest ever enacted by any state, and have since been held up by tax-cut proponents in other states as a model worth replicating. In truth, Kansas is a cautionary tale, not a model."
The key words, "...were among the largest ever enacted by any state..." provides no conclusion at all about what cutting taxes in general does to the economy or jobs. ... Except to one who is grasping for any outlier to prove their overall position.
I'm sure there's a republican spin...
No doubt, since there is always a political spin on everything.... For instance, using an outlier about tax cuts as evidence about cutting taxes in general is certainly "political spin" from one side, not to different than the accusation (occasionally heard here, though the accusation itself is often also leftist spin) of someone using a single cold day to invalidate global warming. I suggest applying some logic and reason.
The key words, "...were among the largest ever enacted by any state..." provides no conclusion at all about what cutting taxes in general does to the economy or jobs. ... Except to one who is grasping for any outlier to prove their overall position.
That's why you actually have to continue reading the remainder of the article.
That's why you actually have to continue reading the remainder of the article.
That is good advice, which I realize from having read the article that you should definitely take for yourself, especially before lecturing others.
Why is it that people who don't pay taxes seem to never have compassion for the people that do pay taxes?
Why is it that people who don't pay taxes seem to never have compassion for the people that do pay taxes?
Not sure that is a tough one...
It boils down to the 1.5 multiplier does work...
There is no data in the article related to other states.
"And the academic literature overwhelmingly finds that states with lower personal income taxes perform no better economically than their peers.[3]"
The article at footnote [3] is not overwhelming it is a mixed review on the subject.
It does not mention any data specific to any states. This is the academic equivalent to derivatives, i.e. they are highly leveraged and highly removed from the actual facts.
Like, the tax cut has been in effect for ONE YEAR and they expect rampant evidence that is effective or repeal it?
Exactly right.
Everyone knew that Bergdahl was a traitor as soon as Obama released him. Obama's presidency was a failure by week three. Obamacare destroyed medicine in America before it went into effect.
By contrast, dramatic tax cuts have only been tried repeatedly for 33 years. Though they have consistently failed to increase revenue and trickle down, it's just too early to tell whether or not they do so.
Clearly the answer is to keep doing it.
(However, this reasoning does not apply to raising the minimum wage, which is too dangerous to try even once!)
So basically the public sector was hurt by this because of fallen tax revenues by the state. Well duh! Along with the tax cuts the states should of reduced their spending or cutback on their programs.
Tax cuts will only work if the government also makes spending cuts. Then there will need to be time for some adjustments, meaning yeah in the short run the economy will slow down but in the long run it'll adjust and turn out to be better than before.
But at the same time who cares about state INCOME taxes, I mean they're a small portion of paid taxes when you consider the federal income tax and fees that you pay to the federal government and state government.
Also what's the deal with the state raising taxes on the low income families as well?
Also what other states have recovered from the recent recession?
Finally, the cuts were not severe enough to be the catalyst of the recession I am willing to bet Kansas are receiving fallen revenue because the state's economic growth was and had already slowed down and whether they enacted tax cuts or not it would still be seeing fallen revenues and an economic slowdown anyway.
Kansas has one of the highest property taxes in the US.
http://www.nytimes.com/2007/04/10/business/11leonhardt-avgproptaxrates.html?_r=0
Rich libs hate property taxes.
They only want income taxes.
Keeps the up and comers down.
Kansas by the way seems to have a very low unemployment rate, 4.8%
https://www.google.com/webhp?sourceid=chrome-instant&ion=1&espv=2&ie=UTF-8#q=kansas%20unemployment%20rate
You're telling me Kansas is a real place? I thought movie writers and comedians made it up.
I thought "Kansas" was a person.
Kansas has one of the highest property taxes in the US.
Texas, which touts no income tax, has the highest. It's one of 3 dirty little secrets Mr. Perry doesn't like to talk about.
Kansas has one of the highest property taxes in the US.
Texas, which touts no income tax, has the highest. It's one of 3 dirty little secrets Mr. Perry doesn't like to talk about.
I'd favor a high property tax over a high income tax anytime. I think they are doing it better.
Good article thanks. Unfortunately nobody who favors tax cuts to wealthy has the attention to span to read it.
That's a pretty accurate statement. I favor tax cuts and did not read the whole thing. I think people dismiss something they know they disagree with right off the bat.
I'm sure there's a republican spin on this and it's all Obama's fault.
Worked forReagan.
Kansas has one of the highest property taxes in the US.
Texas, which touts no income tax, has the highest. It's one of 3 dirty little secrets Mr. Perry doesn't like to talk about.
You have to raise money from somewhere. Texas has one of the healthiest economies in the nation. States with the highest income tax rates like NY and California have dismal economies.
For instance, using an outlier about tax cuts as evidence about cutting taxes in general
Please show your math that Kansas is an outlier.
The key words, "...were among the largest ever enacted by any state..." provides no conclusion at all about what cutting taxes in general does to the economy or jobs. ... Except to one who is grasping for any outlier to prove their overall position.
1. A maximum value is not necessarily an outlier.
2. The tax cuts were still less than what republicans wanted.
3. The point of the article IS NOT that tax cuts are never good. The point is that republicans are wrong when they say tax cuts ARE ALWAYS the answer.
4. You are providing no evidence to say that the typical state or municipal taxes are too high.
Texas, which touts no income tax, has the highest. It's one of 3 dirty little secrets Mr. Perry doesn't like to talk about.
OTH property values are low compared to Calif.
BTW Texas does not get mentioned in any of these studies, seems odd?
OTH property values are low compared to Calif.
True that, but Texans still complain with righteous indignation about high property taxes. It's funny.
BTW Texas does not get mentioned in any of these studies, seems odd?
I wondered this also, but I think it's because Texas doesn't cut taxes. Low taxes vs. cutting taxes = two different stories. Also, oil vs. farms = two different economies. Food prices are up but not as much as oil prices.
True that, but Texans still complain with righteous indignation about high property taxes. It's funny.
Apparently this subject is more nuanced than it would appear? Perhaps this is more than Dan's binary thinking can tolerate.
Apparently this subject is more nuanced than it would appear? Perhaps this is more than Dan's binary thinking can tolerate
Hahaa. Yeah it apparently is more nuanced than black and white. I don't buy the entire story re: Kansas, but the data and discussion (although short-sighted) is interesting and a good initial study of one example of tax cuts at the state level.
Rather than going all derivative, why not just look for a correlation between taxes and economic growth?
Apparently this subject is more nuanced than it would appear? Perhaps this is more than Dan's binary thinking can tolerate.
Acknowledging empirical evidence is hardly binary thinking.
Acknowledging empirical evidence is hardly binary thinking.
How about a priori deductive reasoning?
Political pigs squealing at the empty trough with the usual chaff clouds of deflection and righteous indignation.
Those who are the corruptist squeal the loudest.
Kansas has one of the highest property taxes in the US.
Texas, which touts no income tax, has the highest. It's one of 3 dirty little secrets Mr. Perry doesn't like to talk about.
I'd favor a high property tax over a high income tax anytime. I think they are doing it better.
I don't know. You pay income tax only when you have income. In the case of high property taxes, you pay it regardless of your financial circumstances. if you have no income that year-you still owe astronomical property taxes.
Though FL has no taxes and from what I hear reasonable property taxes???
http://www.cbpp.org/cms/index.cfm?fa=view&id=4110
I'm sure there's a republican spin on this and it's all Obama's fault.
#politics