MT Survey, Are you for or against keeping the LA state income tax? | Page 2 | TigerDroppings.com

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BRgetthenet
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re: MT Survey, Are you for or against keeping the LA state income tax?


quote:

The kfizzle85 Rule


I lost my copy of Rules and Regs.







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Doc Fenton
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Member since Feb 2007
51086 posts

re: MT Survey, Are you for or against keeping the LA state income tax?


He will set all things right when he returns from his exile to the Food and Drink Board.





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Fat Bastard
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re: MT Survey, Are you for or against keeping the LA state income tax?


quote:

LSURussian



just a joke breaux! Remember like the one in the other thread where i actually posted your real email and then deleted it? After you asked NC to remove it?







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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
82897 posts

re: MT Survey, Are you for or against keeping the LA state income tax?


I must have missed that....





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LSUBrad5277
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North Louisiana
Member since Jan 2011
12599 posts

re: MT Survey, Are you for or against keeping the LA state income tax?


I'm for getting rid of it only if they don't raise to property tax too much. They would be punishing those of us who own stuff like houses, land, ect......

Unless I miss understood.

shite I already pay over $1000 each year in property tax and without mine and my folks homestead exemptions it would be over $2500 a year.






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Da Hammer
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Folsom
Member since May 2008
2961 posts

re: MT Survey, Are you for or against keeping the LA state income tax?


I like the idea of it but worry about what other local taxes will increase afterwards. Also when important services like fire, police, education come up on the ballot for renewal or increase in millage if everyting else is more will people cut local services? If so will property taxes go through the roof?

In principal I am for it, but some of the potential side effects worry me. Either way I am not sure Jindal has the political power to get this through.






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Poodlebrain
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Member since Jan 2004
15462 posts

re: MT Survey, Are you for or against keeping the LA state income tax?


quote:

Im always in favor of taxing consumption vs earnings.
Think about sales vs. income taxes in the aftermath of a hurricane. Sales tax receipts should increase as consumption for repairs are made while income tax receipts should decline due to interruption of earning activities by individuals and businesses. So repairs to infrastructure should benefit from conversion to sales tax from income taxes.






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rsande2
LSU Fan
Member since Jan 2006
3423 posts

re: MT Survey, Are you for or against keeping the LA state income tax?


quote:

Are you for or against keeping the LA state income tax?


Against, do away with state income tax.






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lsu13lsu
LSU Fan
Member since Jan 2008
2011 posts

re: MT Survey, Are you for or against keeping the LA state income tax?


I am against all taxes. I think this is just some shell game that Bobby J is trying to use to boost his resume.


When people start seeing they now owe sales taxes on services they pay at banks, money managers, advertising, etc... they will probably start wondering why they were for it.

So, if they have their way your money saved could be taxed too. Your overall sales taxes will go up more than just the percentage as Jindal wants to charge it on all sales. Which is not the case now.



This post was edited on 3/18 at 12:29 pm


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Interception
Providence Fan
Member since Nov 2008
11089 posts

re: MT Survey, Are you for or against keeping the LA state income tax?


In theory I am for eliminating the state income tax, but most states have high property taxes to help stabilize tax revenues. I would anticipate huge fluxuation YoY in revenues if we went exclusivly with a sales tax which could create huge budget holes. Also, I believe peoples spending behavior could change in a negative way. Florida and Texas have property taxes to go along with the sales tax and Floridas business tax is the second largest revenue maker for the state. Jindal is proposing that business income also be included in the exemption along with the franchise fee tax.

The way our property taxes are set up makes Louisiana very different from all the other states with an income tax exemption. I would love to do what Jindal is proposing but Im not sure Louisiana is the proper model for this plan. What happens if we continue to have these huge budget deficits and the sales tax does not work as planned? How else do we make up for the revenue loss besides cutting spending?



This post was edited on 3/19 at 7:02 am


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jimbeam
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Member since Oct 2011
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re: MT Survey, Are you for or against keeping the LA state income tax?


take away income tax
add sales tax






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lsu13lsu
LSU Fan
Member since Jan 2008
2011 posts

re: MT Survey, Are you for or against keeping the LA state income tax?




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Interception
Providence Fan
Member since Nov 2008
11089 posts

re: MT Survey, Are you for or against keeping the LA state income tax?


Why not increase the sales tax moderately and eliminate taxes on corporate income/ business franchise fees?

The state would keep 2.4 billion in income taxes and Jindal could still lower the rate on personal income taxes if he wanted because now he would have some wiggle room. This way we are talking about 1.2 billion in extra revenue added to the budget. Then Jindal could cut personal income taxes in half. It just seems more sensible to me because you don't want to strictly depend on sales tax for revenue.

Im even wondering if the state couldn't work out some sort of state income tax that fluctuates with the sales tax revenue?





This post was edited on 3/19 at 10:07 am


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fishfighter
LSU Fan
Baton Rouge
Member since Apr 2008
18994 posts

re: MT Survey, Are you for or against keeping the LA state income tax?


In my case, keep it. I see somewere they will hit landowners hard to make up for lost taxes. Even though people own land, doesn't mean they are rich.





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Interception
Providence Fan
Member since Nov 2008
11089 posts

re: MT Survey, Are you for or against keeping the LA state income tax?


quote:

In my case, keep it. I see somewere they will hit landowners hard to make up for lost taxes. Even though people own land, doesn't mean they are rich.


I don't think that's true?

Property taxes are mostly local and we have a homestead exemption of $75,000 built into the state constitution. Basically property taxes are off limits.






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Oenophile Brah
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The Edge of Sanity
Member since Jan 2013
5359 posts

re: MT Survey, Are you for or against keeping the LA state income tax?


quote:

Are you for or against keeping the LA state income tax?


For it! LA receives more federal income $'s then most states(ss, welfare,etc). Most of that income, is tax free.

This is a great way to incentivize hard working people(keep your money), and broaden the tax base by finally taxing people who are non participators (black market, deadbeats) in the real economy.






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XanderCrews
LSU Fan
Member since Mar 2009
303 posts

re: MT Survey, Are you for or against keeping the LA state income tax?


I think also the focus needs to shift on the spending side of the house as well. LA spends way to
much on entitlements per capita. If you ever look at the difference b/w what LA spends and what GA spends its pretty upsetting. I think the change to the sales tax is a good place to reward earners and allow people to choose tax levels.

Link for state comparisons.

LINK



This post was edited on 3/19 at 9:37 am


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Interception
Providence Fan
Member since Nov 2008
11089 posts

re: MT Survey, Are you for or against keeping the LA state income tax?


That is disgusting!






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Signature
LSU Fan
Omnipresent
Member since Sep 2005
6458 posts

re: MT Survey, Are you for or against keeping the LA state income tax?


Income tax gonnnnne.





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djmicrobe
LSU Fan
Planet Earth
Member since Jan 2007
1289 posts

re: MT Survey, Are you for or against keeping the LA state income tax?


I am against taxes on any income, property, or food.
However it depends on what the trade-off will be.
Dropping income tax to raise sales tax an extra 10% might not be a good idea.






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