Syndicated to Kansas newspapers May 8, 2017
We didn’t see a lot of asterisks on those campaign handouts last year in which candidates—and a lot of successful legislative candidates—promised to repeal the 2012 tax law which exempted “non-wage income” from most notably Limited Liability Companies.
If there was ever a bullseye on the T-shirts of a group of at least 330,000 Kansans who own those LLCs, it was last election. The pitch was to eliminate the LLC exemption which was sold back in ’12 as a way to make the Kansas economy flourish—which didn’t happen.
So, the campaign trail solution was to reimpose taxes on those LLCs and fix everything. That was the slogan.