KENTUCKY BLUE RIBBON TAX REFORM COMMISSION SUPPORTS MORE TAXES, LESS DEDUCTIONS, AND NO GOVERNMENT SPENDING CUTS (11/18/2012)The Louisville Courier Journal reports the Governor's Blue Ribbon Tax "commission already has made some controversial recommendations...
Recommendations that could touch the lives of every Kentucky taxpayer — from changing the state income and sales tax rates to increasing the cigarette tax."
Some of the most controversial include:
- Tax Social Security benefits, previously exempt from the state income tax, as the federal government does.
- Supports taxing retiree income starting at $15,000 instead of $41,110.
- Eliminate 75% of the total in itemized deductions for things like home mortgage interest and charitable contributions.
Read more at: http://www.courier-journal.com/article/20121118/PRIME08/311190012/Decisions-loom-Monday-for-Kentucky-tax-reform-commission
Some of the most controversial include:
- Tax Social Security benefits, previously exempt from the state income tax, as the federal government does.
- Supports taxing retiree income starting at $15,000 instead of $41,110.
- Eliminate 75% of the total in itemized deductions for things like home mortgage interest and charitable contributions.
Read more at: http://www.courier-journal.com/article/20121118/PRIME08/311190012/Decisions-loom-Monday-for-Kentucky-tax-reform-commission
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