re: Jeff Landry transition committee calls for phasing out corporate and personal income taxes

You will be paying 2-3x more in property tax than what you pay now in all tax.

Eliminating income tax only advantages the middle class that has high-ish paying jobs but doesn’t own much land. Everyone else gets fricked.

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I need to understand how this will work before I can support the change. So if my income tax goes away, do all of the taxes get paid via property and sales taxes? I own more property than just my house so I pay full property tax on all of those properties.

If the result is ultimately removing the income tax and the homestead exemption then I’m for it so long as my property taxes do not increase on a per mill basis.

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Use public schools for example.

State pays, per kid, so much per year, on a monthly basis. There is a formula that is used, based on a number of factors.

Let's say that gets reduced to zero.

Now, your local school district will have to make up that funding. They could do this via increased property taxation. They could also cut spending. Let's be realistic and assume they don't cut spending.

Step 1 would be rolling back the homestead exemption. See how much more property tax that raises. If that is not enough, they may need to raise the millage. But in most cases, a millage increase needs the vote of the people.

So you at least would get to vote on an increased millage.

Where as right now, you don't get to vote on an increased state income tax.