Republicans and conservative advocacy groups contend the single rate makes the tax code fair for all Kansans.īut Democratic Gov. That’s projected to carve out more than $330 million a year from state revenues. ![]() Others believe that not taxing the rich at rates higher than the poor will leave critical social institutions, such as schools and roads, underfunded.All Kansans would pay a 5.15% state income tax, starting after the first $12,000 for married couples filing jointly. Many in the United States favor imposing a flat tax, at least in part, to encourage the rich to spend their money domestically rather than to keep it in tax havens. Imposing high taxes on the rich can cause them to set up offshore accounts in tax havens, as happened with The Beetles when the UK government taxed them at 95% of their income. However, there are arguments in favor of a flat tax, one being that not taxing the rich at high rates incentivizes them to remain in the country and spend their money there. Many of the countries with flat fees have lower standards of living than the nations that surround them. Hungary and Romania have flat taxes of 16%, and Lithuania and Georgia have flat charges of 20%. Similarly, Mongolia and Kazakhstan have flat taxes of 10%, and Bolivia and Russia have flat taxes of 13%, yet these countries do not have well-developed social sectors. Nevertheless, Greenland has few of the social services that many developed countries have. Greenland, for example, has a flat tax, and at 45%, it is one of the world’s highest taxes.
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