Friday, February 01, 2008

Fed Fair Tax Would Necessitate State Reform

If the Fair Tax were to be implemented at the federal level, Kentucky's tax system would have to change because you can't start filling out a Kentucky tax return until you have done a federal tax return. That wouldn't be possible if individuals were no longer paying income taxes, which is what the Fair Tax does. Rep. Mike Harmon has filed a resolution to start the legislature studying how we would handle this kind of tax reform.