Taxes http://wkms.org en The Morning Cram [it was tax day and i cried because I wanted to edition] http://wkms.org/post/morning-cram-it-was-tax-day-and-i-cried-because-i-wanted-edition <p></p><p><strong>From NPR:</strong> Almost nobody is paying the <a href="http://www.npr.org/blogs/money/2013/04/16/177384487/taxth">use tax</a>. It’s for all those online purchases you didn’t pay state sales tax for last year. In fact, accountants are about the only ones who went through the trouble of sifting through all their receipts to calculate it. Tue, 16 Apr 2013 13:59:38 +0000 Whitney Jones 30627 at http://wkms.org The Morning Cram [it was tax day and i cried because I wanted to edition] Today Is State Tax Deadline http://wkms.org/post/today-state-tax-deadline <p></p><p>It’s tax day and a busy one at the Kentucky Revenue Department. State Division of Individual Income Director Bruce Nix says some 1.3 million state tax returns have already been filed, but another 400,ooo could arrive today.&nbsp; For taxpayers who need more time, Nix says filing for an extension with the IRS is all that’s required in Kentucky. Mon, 15 Apr 2013 16:38:11 +0000 Stu Johnson (KPR) 30582 at http://wkms.org Today Is State Tax Deadline Tax Deadline Approaches, More Filing Online http://wkms.org/post/tax-deadline-approaches-more-filing-online <p></p><p>One week from today is the tax filing deadline.&nbsp;More than one million of the expected 1.8 million Kentucky returns have been filed and processed.&nbsp;</p><p>Pamela Trautner in the Kentucky Finance Cabinet said the vast majority of taxpayers are filing their returns electronically.</p><p><em>“Electronic filing has grown in popularity since Kentucky implemented that in 2003,” she said. “I think that year there were 50 percent who filed online. Last year there were 77 percent.”</em> Mon, 08 Apr 2013 12:42:36 +0000 Lisa Autry (KPR) 30266 at http://wkms.org Tax Deadline Approaches, More Filing Online Kentuckians Meet Tax Obligations Early http://wkms.org/post/kentuckians-meet-tax-obligations-early <p></p><p>April 18 is National Tax Freedom Day, the point at which Americans will have earned enough money to pay this year's tax obligations at the local, state and federal levels.&nbsp;Elizabeth Malm is an economist with the Washington-based Tax Foundation.&nbsp;She said Americans this year will work five days later than in 2012 to pay all their taxes. Mon, 08 Apr 2013 11:52:12 +0000 Lisa Autry (KPR) 30262 at http://wkms.org Kentuckians Meet Tax Obligations Early The Morning Cram [out with the old, in with the new edition] http://wkms.org/post/morning-cram-out-old-new-edition <p></p><p><strong>From NPR: </strong>Kansas Gov. Sam Brownback is doing his best to <a href="http://www.npr.org/2013/02/15/171822472/in-kansas-a-glide-path-to-no-income-taxes-will-it-work">eliminate income taxes</a> in his state. But to get rid of the old he’s going to have to do something radically un-Republican: raise other taxes. Fri, 15 Feb 2013 13:54:19 +0000 Whitney Jones 28117 at http://wkms.org The Morning Cram [out with the old, in with the new edition] Report: Kentucky Tax System Unbalanced On Backs of the Poor http://wkms.org/post/report-kentucky-tax-system-unbalanced-backs-poor <p></p><p>A new report by the Institute on Taxation and Economic Policy shows a big gap between Kentucky’s income levels on who pays taxes. The report says Kentucky’s top 1 percent income bracket pays roughly 5 percent of the state’s income, while the bottom 20 percent pays 9 percent. Wed, 30 Jan 2013 20:20:58 +0000 Kenny Colston (KPR) 27427 at http://wkms.org Report: Kentucky Tax System Unbalanced On Backs of the Poor KY Congressmen Divided on Fiscal Cliff Deal http://wkms.org/post/ky-congressmen-divided-fiscal-cliff-deal <p></p><p>Although the tax agreement preventing the fiscal cliff has passed in both the House and Senate, Kentucky congressmen remain divided on the issue. In the Senate, minority leader Mitch McConnell who was heavily involved in the negotiations voted yes while small-government proponent Rand Paul voted no. Kentucky’s representatives in the House were also equally divided. Both Democrats Ben Chandler and John Yarmuth along with Republican Harold Rogers supported the tax increase on the wealthiest of Americans. Republicans Ed Whitfield, Brett Guthrie and Thomas Massie all voted against the measure. Wed, 02 Jan 2013 12:31:47 +0000 Whitney Jones 26299 at http://wkms.org KY Congressmen Divided on Fiscal Cliff Deal The Morning Cram [duck duck goose edition] http://wkms.org/post/morning-cram-duck-duck-goose-edition <p></p><p><strong>From NPR:</strong> As members of the House and Senate head to Capitol Hill for the final weeks of this Congress, perhaps they will bring the "Spirit of 2010" with them. Despite partisan bickering, the lame-duck session two years ago got big things done. Then again, those lawmakers weren't being asked to avert a fiscal cliff. Fri, 16 Nov 2012 14:53:52 +0000 Shelly Baskin 24597 at http://wkms.org The Morning Cram [duck duck goose edition] The Morning Cram [read their lips: taxes edition] http://wkms.org/post/morning-cram-read-their-lips-taxes-edition <p><strong>From NPR:</strong> Economists share their <a href="http://www.npr.org/blogs/money/2012/10/18/163106924/a-tax-plan-that-economists-love-and-politicians-hate">tax dreams</a>, all of which would destroy any politician’s chance of being elected: no mortgage-interest deduction, no employee health benefits deduction and no corporate tax.</p> Thu, 18 Oct 2012 13:32:27 +0000 Whitney Jones 23397 at http://wkms.org The Morning Cram [read their lips: taxes edition] Kentucky Reports Increased Tax Revenue http://wkms.org/post/kentucky-reports-increased-tax-revenue <p>Kentucky’s General Fund receipts increased by more than 5 percent in September, thanks in part to a big increase in corporate income tax revenue. Those receipts increased by more than 26 percent. Lottery and individual income tax receipts also rose by more than 8 percent. State Budget Director Mary Lassiter says those increases helped offset losses in property, cigarette, and coal severance tax revenues. She says the coal revenue fell about 19 percent due to a downturn in the state’s mining industry.</p> Wed, 10 Oct 2012 19:24:06 +0000 The Associated Press 23065 at http://wkms.org Kentucky Reports Increased Tax Revenue