Kentucky’s tax code 25th most inequitable after 2018 tax bill

After legislative changes that raised sales taxes to pay for individual and corporate income tax rate cuts that mostly benefited the wealthiest Kentuckians, our ranking among states fell nine spots from 34th to 25th for most inequitable tax codes. Inequitable, or ‘upside-down,’ tax codes ask less of those with more money and more of those with less. In other words, Kentucky families struggling to get by pay more in taxes as a share of their income than the wealthiest of […]

There are three main principles we should think about when considering how our tax code provides revenue for vital investments in our state: Is it adequate? Is it sustainable? Is it equitable? In Kentucky’s case, the answer to all three of these questions is ‘no.’ We’ve already taken a look at adequacy and sustainability. In this post, we’ll take a look at why our tax code is inequitable and why a recent tax law has made it even less so. […]

There are three main principles we should think about when considering how our tax code provides revenue for vital investments in our state: Is it adequate? Is it sustainable? Is it equitable? In Kentucky’s case, the answer to all three of these questions is ‘no.’ We’ve already taken a look at adequacy.  In this post, we’ll take a look at why our tax code is unsustainable and why a recent tax law has made it even less so. A sustainable […]

There are three main principles that we should think about when considering a tax code: Is it adequate? Is it sustainable? Is it equitable? In Kentucky’s case, the answer to all three of these is ‘no.’ In this post, we’ll take a look at why our tax code is inadequate. What is “adequate”? An adequate tax code raises enough revenue to make right-sized investments in our communities. This means different things to different people, but after 20 rounds of budget […]