- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: LA sales tax could rise to 7 percent to eliminate income taxes
Posted on 1/10/13 at 1:51 pm to Catman88
Posted on 1/10/13 at 1:51 pm to Catman88
quote:
Does the state tax groceries for consumption? Cant remember if the stelly tax stuff being repealed took that away or not.
We don't pay taxes on groceries in Texas. Is it not the same in LA?
2
Posted on 1/10/13 at 2:57 pm to tylercsbn9
The problem is the Homestead Exemption is at 75k.
I think for this to pass you are going to have to put a cap on Sales tax so that people living in the cities don't pay 12.5%. Probably cap it at around 10%.
In order to offset it, I wouldn't be shocked to see a movement to lower the Homestead Exemption to 50k.
Not at all positive about the numbers, but you get the general idea.
I think for this to pass you are going to have to put a cap on Sales tax so that people living in the cities don't pay 12.5%. Probably cap it at around 10%.
In order to offset it, I wouldn't be shocked to see a movement to lower the Homestead Exemption to 50k.
Not at all positive about the numbers, but you get the general idea.
Posted on 1/10/13 at 2:57 pm to BayouNation
As much as I love paying jack shite for property taxes, I support this.
Posted on 1/10/13 at 2:58 pm to tylercsbn9
quote:
We don't pay taxes on groceries in Texas. Is it not the same in LA?
We just pay parish tax on food items.
Posted on 1/10/13 at 4:37 pm to Billy Mays
Heavily in favor.
Jindal if he can get this through
I wish the Federal government would do the same.
Jindal if he can get this through I wish the Federal government would do the same.
Posted on 1/10/13 at 6:05 pm to BayouNation
FL is 6.5% and extremely high property taxes.
Posted on 1/10/13 at 6:09 pm to Tiger n Miami AU83
quote:
FL is 6.5% and extremely high property taxes.
Thats not to bad considering the location, tourist, and amount of 2nd homes. Also, what type of cuts do they give seniors that retire there?
Posted on 1/10/13 at 6:15 pm to rmc
quote:
Sales tax in EBR would be like 12.25% or so. I'd take that all day over state income tax though.
State tax is currently 5% & EBR tax is 4% I believe. If still true (was when I was working in retail in 2010), It would push it up to 11% total sales tax for those in EBR.
ETA: I'm not sure how I feel about the proposal yet seeing as how I only had ~$300 in state taxes deducted for 2012. I think that's about how much I had deducted, I don't have my Income tax spreadsheet on my phone so not 100% sure. I can't do the math at the moment but I think I would be paying more each year than I would if the current plan stays in place. But, it might help take some of the pressure off from my reduced net pay due to the new increase in social security deductions.
This post was edited on 1/10/13 at 6:22 pm
Posted on 1/10/13 at 6:27 pm to drewnbrla
quote:
State tax is currently 5%
quote:It's the other way around. State = 4% and EBR = 5%.
State tax is currently 5% & EBR tax is 4%
Posted on 1/10/13 at 6:34 pm to LSURussian
quote:
It's the other way around. State = 4% and EBR = 5%.
Appreciate it man.
I knew it was something along those lines... So then that would make it 12% for EBR.... Still not sure how I feel about the proposed hike and 12% muddies the waters for me even more
Posted on 1/10/13 at 6:56 pm to BayouNation
I would be for this.
At some point, the Amazon loop hole will be closed though.
At some point, the Amazon loop hole will be closed though.
Posted on 1/10/13 at 7:26 pm to MikeD
I would imagine that a cap of some sort will get worked in for the sales tax which makes me think that property taxes will in turn go up
Posted on 1/10/13 at 8:04 pm to blowmeauburn
quote:
Thats not to bad considering the location, tourist, and amount of 2nd homes. Also, what type of cuts do they give seniors that retire there?
I'm not aware of any cuts for seniors. But I'm not one and my parents live in Orange beach, AL so dunno.
I'm not complaining though. FL is great IMO and I personally like the higher sales and property tax as opposed to the income tax. Also, the FL lotto is huge and helps out a lot as well.
Posted on 1/10/13 at 11:22 pm to Tiger n Miami AU83
Let's take an example. Baker with 9.5% sales tax.
Does tax apply to new auto?
Example of $30k auto would add $3750 in tax?
Does tax apply to new auto?
Example of $30k auto would add $3750 in tax?
Posted on 1/10/13 at 11:25 pm to BayouNation
For states that have changed to no state income tax, are there any stories of companies getting bold and lowering their pay scales? The only reason I ask is because I wouldn't put it past my employer to do something like that.
Posted on 1/10/13 at 11:27 pm to matthew25
quote:
Let's take an example. Baker with 9.5% sales tax. Does tax apply to new auto? Example of $30k auto would add $3750 in tax?
If this was to pass, you should be buying a bunch of big ticket items sometime before it hits: cars, home, etc..
Posted on 1/11/13 at 8:35 am to tigeraddict
this will make the "non state income tax paying" bunch pay their fair share
Posted on 1/11/13 at 10:15 am to Ford Frenzy
(no message)
This post was edited on 1/25/21 at 2:35 pm
Posted on 1/11/13 at 11:55 am to Teddy Ruxpin
quote:
Would love it. Also would still be in favor if property taxes went up to compensate as well.
As least you can choose how and when to pay these taxes.
You must not own property or are 100% homestead exempt.
Posted on 1/11/13 at 5:40 pm to Tiger n Miami AU83
Did you not see what was passed the last election? Florida takes care of seniors and service people. Some now don't pay property taxes, I voted for those people.
Page 2 of 3
Popular
Back to top
Follow TigerDroppings for LSU Football News