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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (853274)

4/30/2015 7:09:57 PM

From: tejek

Read Replies (1) | Respond to of 1575355

At least nationally the recession was over.

Apparently for Kansas as well, either already over or at least just ending. The labor force started growing in 2010, the unemployment rate dropped all through 2010 (maybe before but the chart doesn't go back before Jan 2010. Gross state product dropped from 2008 to 2009, but increased to 2010, then to 2011, and since.

The unemployment rate was dropping but it was still well over 5% and recessionary.

To: TimF who wrote (853274)	5/10/2015 6:09:45 PM
From: TimF	Respond to of 1575355

The past two years Kansas reduced its state income tax rates. As a result, the top rate of income tax faced by Kansas residents (combined state and federal) rose from 41.45% in 2012 to 48.3% in 2013 and then fell a tad to 48.2% in 2014 (if they don't itemize.) That's a pretty tiny drop in the top marginal tax rate in 2014, and a much bigger rise in 2013. I consider myself a moderate supply-sider, but I certainly wouldn't expect such a tiny tax cut to significantly affect behavior. And any effects that did occur would happen very gradually, over a period of many years. For instance, firms might be slightly more likely to move to Kansas. But even after the tax cut, the top rate is almost as high as in Massachusetts, so Kansas is certainly not a tax haven like Washington or Texas, which have no state income tax. http://econlog.econlib.org/archives/2014/07/why_no_kansas_m.html