Kentucky: New Tax Bill Adds 15% Ecig Tax

[squee]

Taking your dog or cat to the vet would be taxed. Here’s what else is in the GOP plan.

"On the 58th day of the 60 day legislative session, the Republican majority unveiled the most significant change to the state’s tax code in more than a decade and the Senate passed it before the bill was even made public."

So it doesn't look like there's any time to do anything about it..

 

[ScottP]

15% isn't great but it's a bit more sensible than some other states with anywhere from 60% to 100% tax.

 

[CMD-Ky]

It is a tax that I will not be paying. You might notice that legal services are not included in services to be taxed. Do you think it could be because the legislature is dominated by lawyers and law firms are large political contributors? Naw, it can't be that.

 

[Vape Magoo]

Somebody making less than $8,000 should not be paying income taxes. Does flat rate mean no kind of deductions? If so it seems like a very selfish tax scheme. Never lived in Kentucky so I don't know, but with sales taxes, property taxes (cars and even part of calculation for those who rent), even lower income people still pay taxes. Lowering the means test on pensioners, while dropping the rate by 1.8% on above $75k seems very selfish. I used to make above 75k and even then I would of thought that was not right, I had a business that made over 100k (luckily not in KY), but still I can see how that just looks inequitable. Lowering taxes is great, but it looks like they are bending over lower income people, am I missing something?

 

[Frenchfry1942]

Is that applied to vendors for their business, or is it an increased sales tax?

I hope it is not in addition to the local sales tax, that would drive more people to the internet.

 

[zoiDman]

From the OP's Article...

"The tax hike, which balances cuts to the individual and corporate income tax by imposing a sales tax on select services, were introduced at 8:30 a.m. in attempts to provide funding in a tight budget year. Both bills received final passage more than 11 hours later, before they were available to the public."

Legislature passes big changes in tax code, restores many controversial cuts in budget

Somewhere James Otis is turning over in His grave. And the Phrase...

"Taxation Without Representation is Tyranny."

... is just as Meaning Today as it was when it was First coined.

 

[bruiser]

The governor vetoed the tax bill.

 

[bruiser]

Unfortunately, the legislature overrode the veto today. I've got a feeling this isn't over, yet.

 

[Jumpin' In...]

We need an "angry" response icon....

 

[Bill Godshall]

Please note that the KY budget bill (that the Governor vetoed and the legislature subsequently overrode) did NOT include a 15% tax on vapor products, which was inaccurately reported.