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Message

re: Gov. John Bel Edwards wants big changes in how LA biz, individuals taxed

Posted on 3/17/17 at 3:01 pm to
Posted by doubleb
Baton Rouge
Member since Aug 2006
36206 posts
Posted on 3/17/17 at 3:01 pm to
quote:

The problem with Republicans in Louisiana is that they want everything to be free and they want a check on top. They want good roads, bridges that don't fall down, subsidies for oil and gas activities and refunds of all taxes.

Guess what, guys, nothing is free. You can't run the state on credit cards and pawning off state property. Jindal did that for eight years and there is nothing left to pawn. Y'all need to grow up. Your mamas can't pay for you to live rent free in the house forever


The problem with Democrats as they want everything, and they want to raise taxes on everybody so they can get a check to their friends.

Unfortunately too some things are free for some people. Free benefits, free govt. services, and etc. Jindal spent and spent and spent and didn't provide for a rainy day. He sold assets when things slowed down rather than cut the budget. JBE is doing the same things except he has no assets left to sell and he's raising taxes mightily.

Dems rail there is no free ride while John Bel raises sales taxes 25%, and taxes everything he can think of while adding more to state govt.

Nothing is free except a visit to the ER, Food Stamps, college tuition (almost free now), 30% of a movie's costs, and health insurance for some.

It's past time the state lived within their means and use the one billion dollars plus in taxes they just raised and provide the people with the basic services we deserve and quit bellyaching for more.
Posted by Sentrius
Fort Rozz
Member since Jun 2011
64757 posts
Posted on 3/17/17 at 3:11 pm to
quote:

I don't see why the morals protest came into play so much for the race for governor 10 years after the whole scandal, when apparently voters didn't care too much about it 2 years after the scandal broke when Vitter won re-election to the senate in a landslide.



You can blame Dardenne and Angelle for that.

Those were two RINOs that were hopelessly outclassed by Vitter on conservative policy with the voting records to back that up so they had to go straight into the gutter of character assassination for 6-7 months and that made the hooker issue a bipartisan issue. If JBE was the only one bringing it up, not enough republicans would've given a shite for Vitter to lose.

It worked pretty well as Vitter couldn't get those republicans in the runoff but it worked pretty well against them too as they are now considered traitors that are persona non grata in the Louisiana GOP after they lost to Clay fricking Higgins or woking for JBE now.
Posted by BigJim
Baton Rouge
Member since Jan 2010
14515 posts
Posted on 3/17/17 at 3:45 pm to
This is fairly complicated topic and that article just gives a brief summary.

Yes this is a version of the Texas margin tax; though I have heard it will be more like a version of Ohio's Corporate Activity Tax.

It has pluses and minuses and a lot depends on the details. It COULD result in a much better tax structure or it COULD make things much worse. It COULD result in higher taxes on business.

Best guess at this point is that it will fix some things (but eliminating a lot of credits and deductions and have a low universal rate) but screw some other stuff up (keeping some of the costlier credits like film, historic and inventory) and putting a series of complicated rules dealing with pass-through to individual.

Right now I have heard that the business would pay the margin/gross receipt tax and partners and individuals could take a deduction (not credit) on their individual income tax.

That could double tax some people. Again have to wait and see the details.
Posted by joeytiger
Muh Mom's House
Member since Jul 2012
6037 posts
Posted on 3/17/17 at 3:54 pm to
What happens if we all stop paying taxes? It will only work if we all do it. Effectively shut down all government agencies. Survival of the fittest for 20 years, then start over with a new Bill of Rights and Constitution.
Posted by doubleb
Baton Rouge
Member since Aug 2006
36206 posts
Posted on 3/17/17 at 4:10 pm to
Question

GC wins a contract to build a building for a million dollars.

If there is s CAT of 1% does he pay a 10K in taxes?

If he buys his concrete from Ascendion Ready Mix and pays them 10K for the concrete Ascension Ready Mix pays 100 dollars right?

If he hires a electrician for 100K the elec cont. pays 1K right?

If the EC buys his gear from Reulet for 15K then Reulet pays their 1%.

And the beat goes on?

Every entity that is paid on this project pays taxes down the line, right? Not just the GC.

Now in the end where is the money to pay the taxes going to come from? Yes the owner who will bear the tax increase.

Now look at the little guy. When Piggly Wiggly sells you a six pack of beer they will charge you sales tax and the CAT, right? They have to do that or take it out of their profits which won't happen. Again the business won't pay the tax the person that receives the goods or services will pay and that is you.
Posted by LSUFanHouston
NOLA
Member since Jul 2009
37162 posts
Posted on 3/17/17 at 4:18 pm to
Texas has a franchise tax that is somewhat of a hybrid between a gross receipts tax and a corporate income tax.

There are many details that need to be worked out here. This kind of makes the point that corporate taxes are a cost of doing business, more than something that you pay based on success. It's actually a pretty conservative idea.

Plenty of companies in all-glorious Texas pay franchise tax even if they don't make money.

I noticed that the article did not address Corp Franchise Tax in LA. Y'all may not realize that many times, a business here loses money so they pay no corp income tax but they still have positive equity so they pay franchise tax.
Posted by LSUFanHouston
NOLA
Member since Jul 2009
37162 posts
Posted on 3/17/17 at 4:19 pm to
quote:

Again the business won't pay the tax the person that receives the goods or services will pay and that is you.


This is true... but that happens with corporate income tax, too. It's just not as transparent.

All corporate taxes are passed on to the end user.
Posted by LSUFanHouston
NOLA
Member since Jul 2009
37162 posts
Posted on 3/17/17 at 4:23 pm to
quote:

putting a series of complicated rules dealing with pass-through to individual.


This could be done with a simple LA Schedule E deduction. Might need to add a one page schedule where the individual taxpayer identifies the businesses and the LA revenue ID numbers.

quote:

Right now I have heard that the business would pay the margin/gross receipt tax and partners and individuals could take a deduction (not credit) on their individual income tax.

That could double tax some people. Again have to wait and see the details.


Yeah that ain't gonna fly... that would put small businesses / passthroughs as paying significantly more in tax than large corporations.
Posted by LSUFanHouston
NOLA
Member since Jul 2009
37162 posts
Posted on 3/17/17 at 4:25 pm to
quote:

Then you keep mentioning property taxes, and the homestead exemption even though the state does not collect any property taxes,


If we were to roll back the homestead exemption, we would move a lot of state spending to the local level. Which, again, is how it's done in Texas.
Posted by doubleb
Baton Rouge
Member since Aug 2006
36206 posts
Posted on 3/17/17 at 4:28 pm to
quote:

All corporate taxes are passed on to the end user.


Exactly, and something like this will be worse than a 1% sales tax increase because revenues will be taxed not items.
Posted by Ponchy Tiger
Ponchatoula
Member since Aug 2004
45210 posts
Posted on 3/17/17 at 4:34 pm to
quote:

Ok cool. So you're going to end state income tax completely? Because Texas doesn't have that and is one of the reasons why they're taxed on TV/internet.


I would love for someone to publicly ask him this point blank
Posted by KiwiHead
Auckland, NZ
Member since Jul 2014
27730 posts
Posted on 3/17/17 at 4:56 pm to
quote:

Vitter


Vitter was a cocksucker that most of the people in the state of Louisiana had grown tired of. Nobody really cared that he was banging hookers in a bordello....in Louisiana hat used to be a resume enhancement.

When you go around and start trashing a guy who was your friend (Dardenne)...and they were friends, then you get an enemy because it was personal. If you are Vitter and you go around Acadiana denigrating Angelle, then you piss off Cajuns and they don't like to see some little pansied arse sissy boy from New Orleans doing that . He may have been a RINO, but he was their RINO and a likeable guy despite his flip flopping and slim conservative credentials. Vitter was not likeable

The problem that Republicans have is that sometimes they forget to play politics and do electioneering when its time to play politics...or in the case of Vitter be guilty of malpractice in politics.

If Vitter had kept his mouth shut the 30 days before the primary election and just played stupid and just ignore Dardenne and Angelle, he would be governor today. But he created so much bad blood amongst other Republicans that there was no way that they were going let him win easily.

Edwards played politics and proved to be the superior politician. He went and reached out to Angelle and Dardenne the NEXT morning , promised Dardenne a job and promised Angelle his support should he make the Congressional runoff. That is how you play politics.

Blame Vitter for being a little punk .
This post was edited on 3/17/17 at 4:57 pm
Posted by BigJim
Baton Rouge
Member since Jan 2010
14515 posts
Posted on 3/17/17 at 5:24 pm to
quote:

Question

GC wins a contract to build a building for a million dollars.

If there is s CAT of 1% does he pay a 10K in taxes?

If he buys his concrete from Ascendion Ready Mix and pays them 10K for the concrete Ascension Ready Mix pays 100 dollars right?

If he hires a electrician for 100K the elec cont. pays 1K right?

If the EC buys his gear from Reulet for 15K then Reulet pays their 1%.

And the beat goes on?

Every entity that is paid on this project pays taxes down the line, right? Not just the GC.

Now in the end where is the money to pay the taxes going to come from? Yes the owner who will bear the tax increase.

Now look at the little guy. When Piggly Wiggly sells you a six pack of beer they will charge you sales tax and the CAT, right? They have to do that or take it out of their profits which won't happen. Again the business won't pay the tax the person that receives the goods or services will pay and that is you.


Yes that would happen, and is generally refereed to as tax pyramiding. But if all those businesses had a profit, they would be paying a higher rate (6-8%ish) on their profits (not including any credits, etc) so kinda have the same issue anyway with the current system.
Posted by doubleb
Baton Rouge
Member since Aug 2006
36206 posts
Posted on 3/17/17 at 5:32 pm to
All these businesses will add the tax to their cost of doing business and then their mark up on top.

Posted by Sentrius
Fort Rozz
Member since Jun 2011
64757 posts
Posted on 3/17/17 at 5:39 pm to
quote:

Vitter was a cocksucker that most of the people in the state of Louisiana had grown tired of.


Then explain him winning reelection twice by crushing landslides after the hooker story broke.

quote:

When you go around and start trashing a guy who was your friend (Dardenne)


You're placing a huge emphasis on friends that's likely not there and never was.

Dardenne was a career politician that was running for anything and everything and he sucked at role playing as a republican including trying to be GOPe to the core or be conservative, he sucked arse at it.

Dardenne's very limited resume and appeal was never going to go beyond Baton Rouge and he had no business running for Governor.

quote:

If you are Vitter and you go around Acadiana denigrating Angelle, then you piss off Cajuns and they don't like to see some little pansied arse sissy boy from New Orleans doing that . He may have been a RINO, but he was their RINO and a likeable guy despite his flip flopping and slim conservative credentials. Vitter was not likeable


Then explain Angelle getting his shite pushed in a year later by a youtube reality star cop by those same people who you say considered him "one of their own".

quote:

If Vitter had kept his mouth shut the 30 days before the primary election and just played stupid and just ignore Dardenne and Angelle,


Dude, they were going into the gutter of character assassination for several months because they didn't have shite on him regarding a good resume, conservative credentials and policies.

If you're the type to ignore that like a chicken shite and let them get away with disgusting tactics, then go right ahead for your own political race. It should work out well for you. Trump had the same shite pulled on him and he fought back like hell and won. Problem for Vitter was that he only had a month until the runoff while Trump had several months to heal the divides in the GOP.

What they did was a murder suicide tactic that put a tax and spend liberal in the governors mansion and Dardenne was smart enough to know it was over for him in the GOP after that hence going to work for JBE to get a paycheck like the whore he is.

Angelle was stupid enough to think he still had a political career and people in Acadiana weren't going to come to their senses a year later when cooler heads prevail and they really reflect on Angelle's tactics and JBE being the tax and spend liberal he is.

quote:

Edwards played politics and proved to be the superior politician. He went and reached out to Angelle and Dardenne the NEXT morning , promised Dardenne a job and promised Angelle his support should he make the Congressional runoff. That is how you play politics.


So you're congratulating JBE on buying a political whore in Dardenne and giving fake support to Angelle that wasn't going to do anything in Acadiana and he never advertised that to all the republicans that voted for JBE there?



quote:

Blame Vitter for being a little punk .



Actually I blame Vitter for not laying one hand on JBE until it was too late. JBE walked into the runoff practically unnoticed and it was next to impossible to set a narrative against him with only one month while Vitter was still dealing with catastrophic damage that Dardenne and Angelle did to him.

Not touching JBE until it was too late and relentless character assassination from GOP challengers is why Vitter lost.

He could've possibly survived if only one of them happens but not both. Vitter was way too comfortable and therefore ran a terrible campaign that showed no urgency to cover all their bases.
Posted by KiwiHead
Auckland, NZ
Member since Jul 2014
27730 posts
Posted on 3/17/17 at 6:11 pm to
Dude....... Vitter was a career politician. Like I said, the hooker bordello thing was not something most voters cared about. It had been known for years that he was seeing hookers and if you ever met his wife you would know why.

Angelle is the run for everything kind of guy, I will admit,but Dardenne had been in the legislature with Vitter when he was always whining about EWE.... from the LA Rep. Party's view he had bona fide credentials.

Let you in on a little secret, it was not Dardenne and Angelle who were running the ads against Vitter. It was a law firm fighting some oil companies who formed the super pac that ran those ads.....those guys were Edwards' friends. I knew what was going on as did a lot of people and Vitter should have known.

Vitter thought he could waltz in. He thought he could declare late, skip the debates and not put in the footwork that was necessary in order to win an election like governor. Then Dardenne and more importantly Angelle was gaining on him and taking away from his vote. Then he decided to get in the game. But it was too late. Vitter had been defined by his opponents both Republican and Democrat. He shows up for the last debate and starts trashing Dardenne and Angelle. That showed:

1) Vitter was not likeable

2) Vitter sounded whiny

3) Vitter would say and do anything to win...he had not worked, he thought his name recognition as US Senator would carry him


From a philosophical point of view, I vote Republican especially for President and federal elections. I really do not consider Edwards to be a really liberal guy( I was not a huge fan of his). I lived in places like New Jersey in the late 90's and I can tell you that Edwards up there would be considered right wing....to the right of Christie even.

I do appreciate competent campaigning and someone who knows how to work a campaign. Edwards had that. Vitter did not. I appreciated Obama's organization and discipline...I never voted for him , I in fact worked on Romney's national campaign and they did not know their head from their arse. Difference is, Romney is a likeable guy, Vitter, if you ever met him, is not. He was winning because he had an R after his name, that was it.

I would bet though that if Vitter was governor, faced with the same things, he would do much the same that Edwards is doing. The state constitution and the dedicated monies would give him little choice but to go that route.

Posted by Sentrius
Fort Rozz
Member since Jun 2011
64757 posts
Posted on 3/17/17 at 6:38 pm to
quote:

Dardenne had been in the legislature with Vitter when he was always whining about EWE.... from the LA Rep. Party's view he had bona fide credentials.


Whining about EWE? Dude, he was a criminal thug piece of shite that had no business being governor that was stealing from this state and setting us back. It was a great day for Louisiana when he was hauled off to jail.

Oh and the fact that Dardenne works for a guy like JBE that is just as liberal if more liberal then EWE tells me he never cared one shite about conservative ideals the GOP values.

You're full of shite.

quote:

Let you in on a little secret, it was not Dardenne and Angelle who were running the ads against Vitter. It was a law firm fighting some oil companies who formed the super pac that ran those ads.....those guys were Edwards' friends. I knew what was going on as did a lot of people and Vitter should have known.


I already know this.

VItter was going to push Texas style tort reform that would've put a massive hurting on ambulance chasers in state and they lost their shite and did everything they could to defeat him and they did a good job of a PR campaign against him.

But they've only won the battle and delayed their ultimate loss as we will get tort reform when the right republican comes along eventually and they will lose and there's nothing they can do about it.

Nothing lasts forever.

quote:

Vitter thought he could waltz in. He thought he could declare late, skip the debates and not put in the footwork that was necessary in order to win an election like governor.


I won't deny that Vitter was way too comfortable and complacent and in a state where it has a jungle primary where republicans and democrats are running against each other, anything could happen and a month would not be enough time to heal the divides in the GOP.

A party primary system does not have this problem as there are several months until the general election.

Vitter should've left nothing to chance and made sure everyone including JBE went into the first round with as much damage as he could possible inflict on them. He didn't do that and predictably he lost and he only has himself to blame for that.

quote:

I really do not consider Edwards to be a really liberal guy( I was not a huge fan of his).


He had one of the most liberal if not the most liberal voting record in the state house in a very long time.

Being for gun rights and opposing abortion are political necessities in this state and should not be used as a barometer for JBE being "conservative". You don't have to be a huge SJW that screams racist to be considered liberal as hell.

quote:

I would bet though that if Vitter was governor, faced with the same things, he would do much the same that Edwards is doing.


No he wouldn't.

He would be pushing tort reform which would bring insurance costs down, heavily restrict the flow of state money to local parishes which would save the state a lot of money and he most certainly would not be taxing us out of the arse with nothing to show for it.
This post was edited on 3/17/17 at 6:43 pm
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