Kentucky Income Tax Reform Passes

American Dragon

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Dec 1, 2020
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I wonder how they will tax some of this stuff? Like marketing. Marketing is not like a product you buy at Walmart, so you can't really just charge something like a sales tax on that. Is a company that does their own marketing in house going to have to pay more in taxes, or is it only going to apply to companies that provide marketing services for others? And will it be like a 5% tax based on the company's revenue? Will it be a tax that is paid on every contract or agreement? Will a company based in Virginia that provides marketing services for a KY business going to have to pay a tax? If so, how will that work?
 

American Dragon

All-Conference
Dec 1, 2020
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Reading all the new services that are going to be taxed...Just an FYI, but be prepared for your medical expenses to increase.
 

DSmith21

Heisman
Mar 27, 2012
8,297
13,024
0
I wonder how they will tax some of this stuff? Like marketing. Marketing is not like a product you buy at Walmart, so you can't really just charge something like a sales tax on that. Is a company that does their own marketing in house going to have to pay more in taxes, or is it only going to apply to companies that provide marketing services for others? And will it be like a 5% tax based on the company's revenue? Will it be a tax that is paid on every contract or agreement? Will a company based in Virginia that provides marketing services for a KY business going to have to pay a tax? If so, how will that work?
If a Kentucky business sells one of these taxable services, it is expected to charge the tax on each invoice and remit the money to the state (usually monthly along with a sales and use tax report). If the business fails to collect the tax, it is still responsible for paying the tax to the state revenue cabinet.
 

bbnkat02

Heisman
Nov 14, 2017
45,664
67,328
113
If a Kentucky business sells one of these taxable services, it is expected to charge the tax on each invoice and remit the money to the state (usually monthly along with a sales and use tax report). If the business fails to collect the tax, it is still responsible for paying the tax to the state revenue cabinet.

Uncle Sam or in this case Daddy Colonel always gets his. Always.

Look. I’m not naive. I know taxes are necessary. They go to good things like schools, roads, etc. Buf I’m all also not naive the other way. I know it great misappropriated and ends up where it shouldn’t.

This country needs tax reform like crazy.
 

TexasTimCat

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Jan 1, 2003
3,878
1,525
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KY already has a service tax of 6%.

The only thing changed is that additional services were added to be taxable.
 
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ukcatz12

Heisman
Mar 27, 2009
5,199
12,325
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Well just this week the legislature helped every single working man and woman by making sure a male doesnt beat their daughter in sports competition.
Kentucky is:

  • 46th in healthcare
  • 45th in employment
  • 45th in economic opportunity
  • 44th in household income
  • 48th in fiscal stability
  • 35th in childhood health
Surely the state legislature has more important things to worry about than passing a transgender sports law that would probably stop fewer than five kids from competing.
 
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Dr. H Lecter

Heisman
Apr 5, 2007
15,219
30,124
66
Kentucky is:

  • 46th in healthcare
  • 45th in employment
  • 45th in economic opportunity
  • 44th in household income
  • 48th in fiscal stability
  • 35th in childhood health
Surely the state legislature has more important things to worry about than passing a transgender sports law that would probably stop fewer than five kids from competing.
Link to your stats. I say they are BS.

But its okay to support rules having those 5 boys from competing against the girls because being woke is important to a small minority.

If your daughter loses a scholarship because a boy beats her in the state championship you would think differently.
 
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ukcatz12

Heisman
Mar 27, 2009
5,199
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Link to your stats. I say they are BS.

But its okay to support rules having those 5 boys from competing against the girls because being woke is important to a small minority.

If your daughter loses a scholarship because a boy beats her in the state championship you would think differently.
Kentucky rankings are here with the exception of household income which is here.

And while we're asking for links, show me one actual instance (not a dismissed lawsuit) of a girl losing out on a scholarship due to a transgender girl beating her. Seems an awfully lot like a boogieman of an issue to me.

And either way, improving the well being of an entire state is more important than fringe issues that if the have actually happened are rare enough you can count them on one hand.
 
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American Dragon

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Dec 1, 2020
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Link to your stats. I say they are BS.

But its okay to support rules having those 5 boys from competing against the girls because being woke is important to a small minority.

If your daughter loses a scholarship because a boy beats her in the state championship you would think differently.
If someone's daughter doesn't get a scholarship after losing at one competition, they weren't getting a scholarship to begin with.
 
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bushrod1965

Senior
May 7, 2011
888
954
0
Kentucky rankings are with with the exception of household income which is here.

And while we're asking for links, show me one actual instance (not a dismissed lawsuit) of a girl losing out on a scholarship due to a transgender girl beating her. Seems an awfully lot like a boogieman of an issue to me.

And either way, improving the well being of an entire state is more important than fringe issues that if the have actually happened are rare enough you can count them on one hand.
Don’t hold your breath on data of any sort about transgender athletes and scholarship loss. As you well know, there is none and it’s really not important anyway. What is important? To follow the FOX/OAN/NEWSMAX outrage of the week talking points of course.
 
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hmt5000

Heisman
Aug 29, 2009
26,976
82,650
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Kentucky rankings are here with the exception of household income which is here.

And while we're asking for links, show me one actual instance (not a dismissed lawsuit) of a girl losing out on a scholarship due to a transgender girl beating her. Seems an awfully lot like a boogieman of an issue to me.

And either way, improving the well being of an entire state is more important than fringe issues that if the have actually happened are rare enough you can count them on one hand.
Im gonna find your teen daughter and I will identify as a 15 yo girl and beat her ***... are you cool with that or would you be pissed that a 40 yo man beat the piss out of teen girl? Hypotheticals are cool until they aren't.
 

American Dragon

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Dec 1, 2020
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Im gonna find your teen daughter and I will identify as a 15 yo girl and beat her ***... are you cool with that or would you be pissed that a 40 yo man beat the piss out of teen girl? Hypotheticals are cool until they aren't.
Congrats on adding yet another post to your extensive list of dumbass posts.
 
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ukcatz12

Heisman
Mar 27, 2009
5,199
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Im gonna find your teen daughter and I will identify as a 15 yo girl and beat her ***... are you cool with that or would you be pissed that a 40 yo man beat the piss out of teen girl? Hypotheticals are cool until they aren't.
Holy crap is your ignorance showing. That's not at all how it works. And even if this was an actual problem it's so far down the list of priorities right now. How about we worry about healthcare, education, and economic issues instead of trying to ban a handful of children from playing sports.
 
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hmt5000

Heisman
Aug 29, 2009
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82,650
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Holy crap is your ignorance showing. That's not at all how it works. And even if this was an actual problem it's so far down the list of priorities right now. How about we worry about healthcare, education, and economic issues instead of trying to ban a handful of children from playing sports.
So we can't solve a simple problem until we solve hard problems? Is it really that important to you that boys get to beat up on girls in sports? I just don't get it. I guess im old fashioned and don't actually like an unfair playing field. But you do you.
 

Beatle Bum

Heisman
Sep 1, 2002
40,823
62,066
113
Congrats on adding yet another post to your extensive list of dumbass posts.
I did not like the post, but one inherent point he is making, which is undeniable, is that this issue means more outside the ivory tower when it is your daughter working hard, desiring fair competition, with the dream of competing at the highest levels. When someone else’s boy beats her, this won’t be a disunion in a vacuum. It will be the reality that hurts your daughter.
 

Beatle Bum

Heisman
Sep 1, 2002
40,823
62,066
113
Holy crap is your ignorance showing. That's not at all how it works. And even if this was an actual problem it's so far down the list of priorities right now. How about we worry about healthcare, education, and economic issues instead of trying to ban a handful of children from playing sports.
Well, then, let’s stop worrying about gambling, marijuana, fracking, snail darters, Title IX, etc.
 
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Tskware

Heisman
Jan 26, 2003
25,335
22,169
113
Kentucky can generate a gusher of additional tax revenue by adding casino gambling and sports betting like surrounding states. This would be another consumption tax and a good part of it paid by tourists.

I am in favor of sports gambling, for the same reasons that I like horse race gambling, it is my money, and I can spend it as I choose.

However, think the above opinion is wildly overstated, saw in the LHL this AM that the state of Illinois took in $286M in bets on the NCAA tournament, and the state's take was a little less than 1% or about $2M. Certainly not chump change, but won't balance the state budget either.

One of my best friend's wife is the general counsel for the Ky Lottery, which contributes tons of money to state coffers, and I am 99% sure she lobbied against legalized sports gambling, because the Lottery believes that the same people buying lottery tickets will bet on UK games instead. OTOH, Keeneland supported the legalized sports betting bill, because they think even more money will be wagered on their sport.

But in short, it seems that when you build casinos and legalize sports betting, they tend to cannibalize each other, because there is only so much disposable gambling money to go around.
 

DSmith21

Heisman
Mar 27, 2012
8,297
13,024
0
I am in favor of sports gambling, for the same reasons that I like horse race gambling, it is my money, and I can spend it as I choose.

However, think the above opinion is wildly overstated, saw in the LHL this AM that the state of Illinois took in $286M in bets on the NCAA tournament, and the state's take was a little less than 1% or about $2M. Certainly not chump change, but won't balance the state budget either.

One of my best friend's wife is the general counsel for the Ky Lottery, which contributes tons of money to state coffers, and I am 99% sure she lobbied against legalized sports gambling, because the Lottery believes that the same people buying lottery tickets will bet on UK games instead. OTOH, Keeneland supported the legalized sports betting bill, because they think even more money will be wagered on their sport.

But in short, it seems that when you build casinos and legalize sports betting, they tend to cannibalize each other, because there is only so much disposable gambling money to go around.
People who play slots/electronic blackjack (the biggest money makers at casinos) are not generally your sports betters in my experience. No doubt there is some cross over though.

Indiana raked in $1.3 billion in gambling revenue last yaer. Sports betting was only responsible for 10% of that figure. So casinos appear to be the larger revenue generator.
 
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Dr. H Lecter

Heisman
Apr 5, 2007
15,219
30,124
66
Holy crap is your ignorance showing. That's not at all how it works. And even if this was an actual problem it's so far down the list of priorities right now. How about we worry about healthcare, education, and economic issues instead of trying to ban a handful of children from playing sports.
I think you should talk to your wokie mob. I seem to recall Babylon Bee, a satirical site, being Twitter banned for calling a trans in the Biden Admin the Man of the Year. So why is it okay for your Soy brigade to cancel "comedy" over this same few?
 

bbnkat02

Heisman
Nov 14, 2017
45,664
67,328
113
And most casinos engage in sports betting. Playing the slots. Why not place a bet on your favorite team? Just like grocery stores and any other retail business tries you to get in on more product.

Kentucky is just way behind. And part of that was Bevin sitting there saying we’d be stepping over bodies on the casino floor. Sigh.

Casinos are just like liquor stores or heck even fast food restaurants really. People need to have self control or set aside a sum of money to paly with. Yes. It’s addicting. That’s partially because it’s fun. And partially because some people thing they’ll find their ship of dreams at the slot machine.

Playing slots or poker or blackjack should just be a fun way to pass time, make a little extra cash or for some even be a hobby.

It’s way past time to open up the Commonwealth. Especially for places like Henderson where it’s literally a 15 minute drive to Indiana where gambling is as legal as doing the speed limit.

Our representatives aren’t representing us. They’re representing their own selfish interests.
 
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mrhotdice

All-American
Nov 1, 2002
21,923
5,450
0
Kentucky is:

  • 46th in healthcare
  • 45th in employment
  • 45th in economic opportunity
  • 44th in household income
  • 48th in fiscal stability
  • 35th in childhood health
Surely the state legislature has more important things to worry about than passing a transgender sports law that would probably stop fewer than five kids from competing.
You need to understand politics. The fact it affects so few voters is what they think is important for their reelection.
 
Aug 2, 2018
1,367
2,774
0
To the extent it is a sincere effort to remove the tax on work, then that is awesome. To the extent it is going to produce higher taxes on everything and not effectively reduce income tax to counter the other hikes, that would be an outrage. Time will tell
 

Fact_Checker

Senior
Apr 26, 2021
577
419
0
Link to your stats. I say they are BS.

But its okay to support rules having those 5 boys from competing against the girls because being woke is important to a small minority.

If your daughter loses a scholarship because a boy beats her in the state championship you would think differently.
Small minds focus on small issues. Those are the ones they can understand.
 

Lexie's Dad

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Jan 12, 2003
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To the extent it is a sincere effort to remove the tax on work, then that is awesome. To the extent it is going to produce higher taxes on everything and not effectively reduce income tax to counter the other hikes, that would be an outrage. Time will tell
This is a great point. It will either be good for me, or be neutral. But...

My mother and mother-in-law will be worse off (at least potentially) depending on the specific services that become subject to sales tax. I'm all for everybody paying taxes, but when they're relatives you think a bit longer.
 
Jan 28, 2007
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My mother and mother-in-law will be worse off (at least potentially) depending on the specific services that become subject to sales tax. I'm all for everybody paying taxes, but when they're relatives you think a bit longer.

I hear you, but it should also lower some prices and improve the state economy which would help them too.
 
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bkingUK

Heisman
Sep 23, 2007
18,693
22,496
0
Eliminating state income tax is one of few things I can agree with these maniacs on. Disincentivizing charging stations has lobbyists written all over it though. New sales taxes not going to help inflation either.
 

UK_Dallas

Heisman
Sep 17, 2015
14,533
36,346
76
My brilliant idea that I’m sure many others have thought of before me:

Have each party submit their 5 top things they’d like to accomplish and put those on the local ballots every two years. Each citizen(non-illegal) votes yay or nay. Anything receiving 67% or greater support must be passed in the next session. Anything less than 50% goes to the woodpile.

Let the people decide. We’d have gambling, marijuana and no state income tax already if this system existed.
 
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American Dragon

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2,540
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My brilliant idea that I’m sure many others have thought of before me:

Have each party submit their 5 top things they’d like to accomplish and put those on the local ballots every two years. Each citizen(non-illegal) votes yay or nay. Anything receiving 67% or greater support must be passed in the next session. Anything less than 50% goes to the woodpile.

Let the people decide. We’d have gambling, marijuana and no state income tax already if this system existed.
What if the citizens want to pass something really ******* stupid or repeal something that really shouldn't be appealed? I mean you could have the Republicans run on eliminating all taxes, and it wouldn't surprise me if 67% of people would probably vote for that, then Kentucky would descend into chaos.
 

UK_Dallas

Heisman
Sep 17, 2015
14,533
36,346
76
What if the citizens want to pass something really ****ing stupid or repeal something that really shouldn't be appealed? I mean you could have the Republicans run on eliminating all taxes, and it wouldn't surprise me if 67% of people would probably vote for that, then Kentucky would descend into chaos.
Don’t be ridiculous. Every person in this state, with common sense, knows what is good for the state.
 
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bkingUK

Heisman
Sep 23, 2007
18,693
22,496
0
What if the citizens want to pass something really ****ing stupid or repeal something that really shouldn't be appealed? I mean you could have the Republicans run on eliminating all taxes, and it wouldn't surprise me if 67% of people would probably vote for that, then Kentucky would descend into chaos.
That’d be better than 20 derelicts deciding the future of the state because they are corrupt to be honest. And I don’t say that in support of repealing taxes, I mean literally, a pure democracy would be favorable to these corrupt ******* destroying the state for payoffs.

The people of Kentucky let this **** happen. It’s pretty enraging.
 
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Ron Mehico

Heisman
Jan 4, 2008
15,473
33,054
0
What if the citizens want to pass something really ****ing stupid or repeal something that really shouldn't be appealed? I mean you could have the Republicans run on eliminating all taxes, and it wouldn't surprise me if 67% of people would probably vote for that, then Kentucky would descend into chaos.

Why the hell are the citizens of this country inept 5 year olds that need to be babysat by smart politicians or else the world would descend into chaos? What a stupid mindset to have.
 
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American Dragon

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Dec 1, 2020
2,540
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Why the hell are the citizens of this country inept 5 year olds that need to be babysat by smart politicians or else the world would descend into chaos? What a stupid mindset to have.
No, but not everything should be voted on directly by the citizens either.