But who is it that’s flourishes, business or workers, best if it was both.
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KY has 20,400 taxpayers in the top 1% income. Their average federal tax savings w/ Trump Tax cut is $68,550 per year. Their average state income tax savings will be $7,086. per year.
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from Tom Luftus @ courier/journal: The wealthiest 1 percent of Kentuckians on average will see an overall tax cut of $7,086 a year, the report says, while those making $21,000 or less can expect to pay about $93 a year more in taxes.
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Hi Mitch! FRANKFORT, Ky. — The tax bill that zipped through the General Assembly on Monday will amount to a tax break for millionaires but a tax increase for 95 percent of Kentuckians, according to an analysis by the Washington-based Institute for Taxation and Economic Policy.
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