(Updated to distinguish between married and single filers)
Last week, a House committee moved out a new tax bill that calls for a flat tax at 5.25% and eliminates the state sales tax on food starting July 1, cuts property taxes and increases the standard deduction based on inflation.
The new bill would not tax the first $6,150 in income for single filers and $12,300 for married couples filing jointly.
Here’s a look at how the change in the tax rate would affect taxpayers assuming they take the current standard deduction and have no tax credits.
It also assumes they don’t pay taxes on the first $6,150 income for single filers and $12,300 for married couples.
Here’s a breakdown of the change in taxes under the new House bill approved by the tax committee last week as calculated by legislative research.
Single filers
Current
Federal adjusted gross income: $12,500
Kansas taxable income: $6,750
Tax: $209
New House bill
Federal adjusted gross income: $12,500
Kansas taxable income: $6,750
Tax change: -178
Married couple with two dependents
Current
Federal adjusted gross income: $25,000
Kansas taxable income: $8,000
Tax: $248
New House bill
Federal adjusted gross income: $25,000
Kansas taxable income: $8,000
Tax change: -$248
****
Single filers
Current:
Federal adjusted gross income: $25,000
Kansas taxable income: $19,250
Taxes: $688
New House bill
Federal adjusted gross income: $25,000
Kansas taxable income: $19,250
Tax change: 0
Married couple with two dependents
Federal adjusted gross income: $50,000
Kansas taxable income: $33,000
Tax: $1,088
New House bill
Federal adjusted gross income: $50,000
Kansas taxable income: $33,000
Tax change: -$1
***
Single filers
Current:
Federal adjusted gross income: $50,000
Kansas taxable income: $44,250
Tax: $2,065
New House bill
Federal adjusted gross income: $50,000
Kansas taxable income: $44,250
Tax change: -$65
Married couple with two dependents
Federal adjusted gross income: $75,000
Kansas taxable income: $58,000
Tax: $2,400
New House bill
Federal adjusted gross income: $75,000
Kansas taxable income: $58,000
Tax change: -$1
***
Single filers
Current:
Federal adjusted gross income: $75,000
Kansas taxable income: $69,250
Tax: $3,490
New House bill
Federal adjusted gross income: $75,000
Kansas taxable income: $69,250
Tax change: -$177
Married couple with two dependents
Federal adjusted gross income: $100,000
Kansas taxable income: $83,000
Tax: $3,816
New House bill
Federal adjusted gross income: $100,000
Kansas taxable income: $83,000
Tax change: -$104
***
Single filers
Current:
Federal adjusted gross income: $100,000
Kansas taxable income: $94,250
Taxes: $4,915
New House bill
Federal adjusted gross income: $100,000
Kansas taxable income: $94,250
Tax change: -$290
Married couple with two dependents
Federal adjusted gross income: $250,000
Kansas taxable income: $233,000
Tax: $12,366
New House bill
Federal adjusted gross income: $250,000
Kansas taxable income: $233,00
Tax change: -$779
***
Single filers
Current:
Federal adjusted gross income: $250,000
Kansas taxable income: $244,250
Taxes: $13,465
New House bill
Federal adjusted gross income: $250,000
Kansas taxable income: $244,250
Tax change: -$965
