To the editor:
Surprise, surprise, surprise! Remember Gomer Pyle’s TV show?
I met with my tax professional and found that the new Kansas tax law slipped in some surprises that impacted my tax liability for the 2013 tax year. As I understand it, my expenses on my rental properties and a good portion of my medical expenses no longer are deductible. That means that my taxable income for the state is more than double what it was in 2012. So even though my Kansas income tax rate fell from 6.45 percent to 4.9 percent, I owe several hundred dollars more in taxes for 2013. Surprise!
I’m thinking of liquidating my business ventures, running away, becoming homeless and selling pencils on the street corner while changing my name to “Sir I Been Hadd.” Surprise!
Did I really get a 2013 Kansas tax cut. And to whom do I pass my increase cost on?