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re: LA sales tax could rise to 7 percent to eliminate income taxes

Posted on 1/11/13 at 7:47 pm to
Posted by CalcuttaTigah
Member since Jul 2009
769 posts
Posted on 1/11/13 at 7:47 pm to
It is certainly a topic worth debating. You have to wonder what would happen if we did eliminate the income tax and simply relied on sales tax. If we run into another economic turndown, La would be in quite the pickle. In a way, we would be handcuffing the state's wellbeing to the health of the national economy. We would likely see an increase in property taxes to curb the risk.
This post was edited on 1/11/13 at 7:48 pm
Posted by wegotdatwood
Member since Aug 2009
17094 posts
Posted on 1/12/13 at 8:00 am to
I'm pretty sure sales tax in Arkansas is north of 9% and we have income tax of 7%.
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