Kentucky's broke...wait, What?
I live in a dysfunctional state.
Actually scratch that…I live in a dysfunctional Commonwealth.
Looking at this logically:
- We have 4.3 million people
- We rank 22nd in population density
- We have a state sales tax of 6%, except on foodstuffs.
- We have a state income tax of 6%, basically for everybody.
- We pay property tax assessed on cars, yearly.
- We pay property tax on LEASED CARS. Think about that for a minute.
- Lots of our local municipalities levee income taxes as well
Yeah, so of course we’re flat broke. Comically so, like your friend who’s lived off credit cards for the last 10 years, then can’t convince Citibank to up his limit.