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re: Jeff Landry transition committee calls for phasing out corporate and personal income taxes
Posted on 1/27/24 at 9:19 am to WPBTiger
Posted on 1/27/24 at 9:19 am to WPBTiger
Hopefully the Landry Administration does this hand in hand with budget reform that involves de-centralization of revenue and power in Baton Rouge, rather than just the shell game the Jindal Administration tried for national attention.
Eliminate state income taxes, then also shift funding of public schools, parish roads, police departments, etc more onto the local governments. Instead of a model where three to six percent of someone's income is sent to Baton Rouge in the form of a state income tax, keep tax dollars local with local property taxes to fund those municipal and parish needs.
This keep taxes and funding responsibilities more local would mean that Louisiana would have to stop having the highest property tax exemption in the country. Prepare for there to be blood-gurgling screams if/when that gets proposed.
Eliminate state income taxes, then also shift funding of public schools, parish roads, police departments, etc more onto the local governments. Instead of a model where three to six percent of someone's income is sent to Baton Rouge in the form of a state income tax, keep tax dollars local with local property taxes to fund those municipal and parish needs.
This keep taxes and funding responsibilities more local would mean that Louisiana would have to stop having the highest property tax exemption in the country. Prepare for there to be blood-gurgling screams if/when that gets proposed.
This post was edited on 1/27/24 at 9:26 am
3
Posted on 1/27/24 at 11:09 am to ragincajun03
quote:
shift funding of public schools, parish roads, police departments, etc more onto the local governments
This right here. This would force Nola and BR to accept the fact they can’t have some special programs (aka slush funds) and actually fund the needs of the community. Would also mean places that don’t have enormous populations to tighten their belts and not have unnecessary multi million dollar government facilities. It’s a win-win if it happens. Makes sense that tax from local transactions/earning stay local.
Posted on 1/30/24 at 9:46 am to ragincajun03
quote:
Eliminate state income taxes, then also shift funding of public schools, parish roads, police departments, etc more onto the local governments. Instead of a model where three to six percent of someone's income is sent to Baton Rouge in the form of a state income tax, keep tax dollars local with local property taxes to fund those municipal and parish needs.
This keep taxes and funding responsibilities more local would mean that Louisiana would have to stop having the highest property tax exemption in the country. Prepare for there to be blood-gurgling screams if/when that gets proposed.
People will complain about local governments being more corrupt than the state.
In some places, that will be true. There is no doubt that some local goverments will do a much better job with more authority than others will. That's ok. At least it gives some local places a chance at success, whereas under the current model, no place has a chance of success.
Posted on 1/30/24 at 10:42 am to ragincajun03
quote:
Louisiana would have to stop having the highest property tax exemption in the country. Prepare for there to be blood-gurgling screams if/when that gets proposed.
$75k is the highest in the country? That number was put into place in what the 1980’s?
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