KANSAS CITY, Mo. (AP) — Kansas City leaders say a retired Missouri investment mogul is trying to bankrupt their city and rekindling a business border war with Kansas over income taxes.
Two nonprofit groups with ties to anti-tax crusader Rex Sinquefield of St. Louis are spending a combined $200,000 during the tax filing season on cable television ads promoting lower taxes in Kansas and promoting Kansas city as a high-tax place to live and do business.
The Kansas City Star (http://bit.ly/1nG6xyd ) reports one of the ads airs only in Kansas and explicitly urges Missouri businesses to establish their companies in Kansas to take advantage of recently lowered state tax rates.
A second ad airing in Missouri takes aim at Kansas City’s 1 percent earnings tax on income and profits.
Information from: The Kansas City Star, http://www.kcstar.com