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Limiting Expensive Income Tax Break for Higher-Income Retirees Is Important Part of Tax Reform

Jason Bailey | February 13, 2014

A limit on the state’s large retirement income tax break for higher-income people is an important component of tax reform, and Governor Beshear’s plan includes such a limit. Reforming the existing tax break will improve the fairness of Kentucky’s tax system, generate needed revenue for public services and reduce the revenue losses that would come with an aging population in future years.

High-Income Retiree Tax Break

More On Budget & Tax: Kentucky AG Cameron Sues Biden Administration Over ARPA Restriction on Tax Cut Offsets

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Perspectives

American Rescue Plan Is a Lifeline for Kentuckians

The 2021 General Assembly Can Meet the Moment with Policies that Advance Racial Equity

Letter to the Kentucky House of Representatives on Raising the Inadequate Tax Rate on HHR Slot Machines

Voucher Would Drain Much-Needed Resources from Kentucky’s Public Schools

Coalition Letter to Kentucky General Assembly: End the Tax Break on Slot Machines

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Governor Should Veto Expensive, Poorly Targeted Tax Breaks for Remote Workers and Data Centers

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Legislature Spends Additional Federal and General Fund Monies on Session’s Last Day

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At the Expense of Community Investments, HB 372 Gives a Costly Tax Windfall to High-Income People

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