Kentucky legislators will probably be back in Frankfort in late May to discuss tax reform. Meanwhile, Tennessee, a state with no income tax, continues to eat our lunch economically. And Missouri advanced a bill this week to get rid of their income tax.
Ohio is looking at exempting college graduates from state income taxation for five years. This is the kind of game-playing and manipulation Kentucky has traditionally used to pick winners and losers rather than incentivize income generation across the board.
As more of our neighbors figure out that taxing incomes hurts productivity, Kentucky is going to have to come around. Sooner would be better than later.
