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Started By
Message
Neil Riser's Bill Eliminates Personal Income Tax in LA
Posted on 4/3/24 at 11:05 am
Posted on 4/3/24 at 11:05 am
Y'all will probably chastise me for not putting this on the political board but I don't really care.
LINK
LINK
13
Posted on 4/3/24 at 11:13 am to FreeState
I would to see my mortgage statement at the end of the year with rising insurance rates in Louisiana plus increased property taxes due to no income tax. This shite will be more than my principal.
Posted on 4/3/24 at 11:15 am to FreeState
Property tax will skyrocket. These slapdicks can’t do shite right.
Posted on 4/3/24 at 1:03 pm to FreeState
quote:
The bill will make the repeal of the income tax in 2026. Next year (2025) is an odd year, and we are having a fiscal session. This will give us ample opportunity to find out how we are going to pay for it.”
No, Mr Politician. You figure that out NOW.
Eliminate income tax, cut spending by a like amount, and allow local cities / parishes to dedcide if they want to pick up the slack in spending and raise property taxes to pay for it.
Posted on 4/3/24 at 3:25 pm to FreeState
If you're making in excess of a couple of hundred thousand a year, this sounds great.
But if Grandma is living off a pension and/or social security, her property tax, vehicle permits, handicap tag, and sales tax will hurt her.
If property taxes rise, even non-government assisted renters will be effected when their rates go up.
The state is going to collect money in some kind of fashion.
But if Grandma is living off a pension and/or social security, her property tax, vehicle permits, handicap tag, and sales tax will hurt her.
If property taxes rise, even non-government assisted renters will be effected when their rates go up.
The state is going to collect money in some kind of fashion.
Posted on 4/3/24 at 5:09 pm to FreeState
First off I don't have any answers and I'm not an expert, just someone who lives in Louisiana and pays a good bit of taxes. It seems like the state has very ambitious plan most of which stop taxes (eliminating break tags, concealed weapons permits, and personal income taxes) while wanting to give money away for private schools and turning down some fed money (which most of it has dem strings tied to it). I don't see how they can reduce the money the state takes in without reducing our spending. And if you think reducing tax breaks is the answer, those benefiting from those tax breaks (who are also big donors to the politicians) will claim that it will kill businesses
This post was edited on 4/3/24 at 5:12 pm
Posted on 4/3/24 at 8:18 pm to FreeState
How about we shut the state government down for a year. Send everyone home, pay no taxes. Come back in a year and see if anyone really notices.
Roads are fricked up already, let local governments take on the responsibilities that the state fricks up on a regular basis.
Roads are fricked up already, let local governments take on the responsibilities that the state fricks up on a regular basis.
Posted on 4/3/24 at 11:24 pm to FreeState
Until the government can legitimately point to how they are owed anything by my labor and the sweat of my brow, income tax is complete horseshite.
Posted on 4/4/24 at 3:38 pm to FreeState
I do not support this one bit. Rent will go up for renters because landlords will pass the higher cost down, mortgage notes will go up for homeowners, and people will spend less. Louisiana is not a state that can get away with something like this like Texas, Florida, and Tennessee can. We’re full of uneducated residents and this will backfire.
I hate this idea here in Louisiana.
Edited to clarify mortgage notes - not rates.
I hate this idea here in Louisiana.
Edited to clarify mortgage notes - not rates.
This post was edited on 4/4/24 at 11:19 pm
Posted on 4/4/24 at 10:30 pm to FreeState
Hell will freeze over before that happens.
Posted on 4/5/24 at 7:08 am to FreeState
Brandon is lying again
quote:
resident Biden @POTUS House Republicans have proposed a new 23% national sales tax on American families, increasing the prices of everything from groceries and gas to food and medicine. American families need more breathing room. Not less.
Posted on 4/6/24 at 5:13 pm to FreeState
Won’t happen.
Posted on 4/6/24 at 5:14 pm to FreeState
Considering how low the income tax is and how much it pays for, this is just silly.
Posted on 4/7/24 at 10:52 am to FreeState
No chance. This is clearly what they SHOULD do to compete with Texas.
But you will need tax revenue, so the other taxes will have to be increased (property tax); but more significantly, they will have to be firm.
That is, no more corporate welfare through the tax code.
And these legislators simply will not go for that. They love their special tax breaks because it keeps their campaign coffers full. Never mind that it does very little to attract new business (because most are given to entrenched businesses like chemical plants).
But you will need tax revenue, so the other taxes will have to be increased (property tax); but more significantly, they will have to be firm.
That is, no more corporate welfare through the tax code.
And these legislators simply will not go for that. They love their special tax breaks because it keeps their campaign coffers full. Never mind that it does very little to attract new business (because most are given to entrenched businesses like chemical plants).
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