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 Post subject: Sam Brownback Tax and Job Numbers DON"T Add Up
PostPosted: Fri Mar 28, 2014 7:14 am 
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Sam Brownback GOP is stealing Income Taxes From Workers

Worker's taxes siphoned off by their bosses
Thursday, April 26, 2012 | Posted by Jim Hightower

Where is the $47 million tax dollars that belong to Kansas taxpayers?

My congratulations to workers in 16 states – from KANSAS to Maine to Georgia, New Jersey to Colorado! Many of you will be thrilled to know that the income taxes deducted from your paychecks each month are going to a very worthy cause: your corporate boss.

Good Jobs First, a non-profit, non-partisan research center, has analyzed state programs meant to create jobs, but instead have created some $700 million a year in corporate welfare. This scam starts with the normal practice of corporations withholding from each employee's monthly check the state income taxes their workers owe.

But rather than remitting this money to pay for state services, these 16 states simply allow the corporations to keep the tax payments for themselves! Adding to the funkiness of taxation-by-corporation, the bosses don't even have to tell workers that the company is siphoning off their state taxes for its own fun and profit.

These heists are rationalized in the name of "job creation," but that's a hoax, too. They're really just bribes the states pay to get corporations to move existing jobs from one state to another, or they're hostage payments to corporations that demand the public's money – or else they'll move their jobs out of state.

Last year, Kansas used workers' withholding taxes to bribe AMC Entertainment with a $47 million payment to move its headquarters from downtown Kansas City, Missouri, to a KC suburb on the Kansas side, just 10 miles away. What a ripoff! Among the 2,700 corporations cashing in on such absurd diversions of state taxes from public need to private greed are Goldman Sachs, GE, Motorola, and
(((AMC Entertainment has since been sold to Dalian Wanda Group of China. )))

When this tax deal was cut AMC and Cordish Co. of Baltimore were partners. As of 5/25/12 this partnership is becoming history.

As with many buyouts/mergers people lose jobs sooner of later due to the expense of purchase. Is all of the above legal as far as the $47 million tax dollar give away is concerned?

Where is the $47 million tax dollars?


Last edited by Merrill on Sun Mar 30, 2014 8:06 am, edited 1 time in total.

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 Post subject: Re: Sam Brownback GOP is stealing Income Taxes From Workers
PostPosted: Fri Mar 28, 2014 7:16 am 
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Some households are granted food sales tax relief as a tax refund meaning check from the state.

Not anymore. UNLESS one owes the state money then that amount may be deducted. If this is not the case
Sam Brownback is keeping the Food Sales Tax refund money.

In reality this is a back door tax increase on lower income households.

Also SELF EMPLOYED are being asked to pay more in taxes by way of creative taxation.

Home loan interest refunds have been altered.

Ask a person who prepares taxes …… there are several surprises.


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 Post subject:
PostPosted: Sun Mar 30, 2014 8:02 am 
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STEVE ROSE
Rosy Kansas revenue numbers just don’t add up
March 29
BY STEVE ROSE
Special to The Star

The nation’s eyes — including Missouri’s legislature — are on Kansas to see how the radical experiment is going.

Individual income taxes have been slashed, as well as other major tax cuts implemented, and the question is, what now? Will the state hit the wall, or will Kansas Gov. Sam Brownback and the Kansas Legislature prove that tax cuts will spur on the economy and actually increase revenues?

Kansas Secretary of Revenue Nick Jordan thinks he already has an inkling of the answer, which he presented to me with Powerpoint slides. It was the same presentation he had made the day before to more than 100 Johnson County business leaders in Topeka.


Jordan makes the case that we already see indications that things are working as planned.

Not so fast.

I checked Jordan’s figures with Bernie Koch (no relation to the Koch brothers) of the Kansas Economic Progress Council; with Duane Goossen, former Kansas budget director from 1998 to 2010; and with Annie McKay, who runs a think tank called Kansas Center for Economic Growth.

I came away with a consensus view that there are two things we know for certain.

State revenues have gone down, and that, as Goossen said, “We have dramatically cut the revenue stream and have less money to work with.”


Also, Jordan’s presentation is misleading on several counts.

Jordan would have you believe that the early numbers are in and, so far, it’s a success.

Jordan boasts that total private sector job growth in Kansas from 2011 through 2013 has resulted in 45,000 new jobs. What he does not tell you is that the trend is below surrounding states and lower than the national trend. Also, these numbers do not reflect the number of businesses that folded during that period or jobs lost. In other words, 45,000 is not a net number.

Jordan presents another slide that declares individual income tax receipts through February 2014 are over projections by 7.3 percent or $104 million. What he fails to mention are two important facts. The first is that there was a one-time tax receipt in 2014 of $50 million, due to a tax settlement. And second, for the first eight months of 2014, income tax revenues have shrunk over the previous year from $1.8 billion down to $1.5 billion. While receipts may be a bit greater than expectations, they are still well below last year’s.


Jordan’s slide also declares that overall tax receipts, so far, are $118 million or 3.4 percent over projections.

This is a meaningless number, because February is too early to tell what the tax receipts will be for 2014. We have to see whether the right amounts have been withheld, and how much taxpayers will be getting in refunds or how many will owe more. We won’t know until late May how things came out.

Jordan also presented a comparison between general fund receipts in 2013 vs. 2012, which he indicates is $6.3 billion vs. $6.1 billion. But wait a moment.

These numbers are way too premature. They do not take into consideration the new tax policies because they were not yet in effect. We will not know the impact of the tax cuts until the 2014 fiscal year is taken into consideration.

These are just a few of the questionable claims Jordan is making.


OK, one more slide.

Jordan correctly shows the ending balance eroding from 2014 to 2015, from about $500 million down to $250 million. What he does not show is the following year, 2016, when the ending balance is projected to be near zero.

Of course, all of this is before the Kansas Supreme Court ordered the Legislature to come up with an additional $129 million by July to equalize school funding, some or most of which may come from the ending balance.

Understanding that this is a campaign year for Brownback, it is easy to see why his administration would like to rush out numbers that paint a glowing picture.


But the numbers, at this point, are just plain half-baked, if not blatantly misleading.




Steve Rose - a longtime Johnson County columnist


Read more here: http://www.kansascity.com/2014/03/29/49 ... rylink=cpy


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 Post subject: Re: Sam Brownback Tax and Job Numbers DON"T Add Up
PostPosted: Sun Mar 30, 2014 8:22 am 
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New Study Rips Kansas Tax Cuts

http://www.kansascity.com/2014/03/27/49 ... -cuts.html


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 Post subject: Re: Sam Brownback Tax and Job Numbers DON"T Add Up
PostPosted: Sun May 11, 2014 1:13 pm 
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once gain the KC Star speaks out

Brownback admin is blown smoke

http://www.kansascity.com/opinion/


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 Post subject: Re: Sam Brownback Tax and Job Numbers DON"T Add Up
PostPosted: Sat Oct 04, 2014 9:02 pm 
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I hate asking for help or admitting that I don’t know how to do something.

:lurk:


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